Nebraska Statutes 59-1803. Issuance of annuity; how construed
Issuance of a charitable gift annuity does not constitute:
Terms Used In Nebraska Statutes 59-1803
- Annuity: A periodic (usually annual) payment of a fixed sum of money for either the life of the recipient or for a fixed number of years. A series of payments under a contract from an insurance company, a trust company, or an individual. Annuity payments are made at regular intervals over a period of more than one full year.
- Company: shall include any corporation, partnership, limited liability company, joint-stock company, joint venture, or association. See Nebraska Statutes 49-801
- Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
(1) Engaging in business as a trust company subject to the Nebraska Trust Company Act;
(2) Engaging in the business of insurance subject to Chapter 44;
(3) Engaging in an act in violation of sections 59-801 to 59-831 ;
(4) Engaging in an act in violation of the Viatical Settlements Act; or
(5) Engaging in an act in violation of the Uniform Deceptive Trade Practices Act. Conduct other than issuance of a charitable gift annuity, including the marketing of a charitable gift annuity, is not exempt from application of the Uniform Deceptive Trade Practices Act pursuant to this subdivision.