Sec. 38a-1031. Issuance of charitable gift annuity does not constitute engaging in the business of insurance.

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(a) The issuance of a qualified charitable gift annuity shall not constitute engaging in the business of insurance in this state.

(b) A charitable gift annuity issued before October 1, 1999, is a qualified charitable gift annuity for the purposes of sections 38a-1030 to 38a-1034, inclusive, and the issuance of that charitable gift annuity shall not constitute engaging in the business of insurance in this state.

(P.A. 99-52, S. 2.)

                    
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