§ 48.38.010 Certificate of exemption — Qualification for — Application, contents — Minimum unrestricted net assets — “Qualified actuary” defined
§ 48.38.012 Minimum unrestricted net assets required
§ 48.38.020 Separate reserve fund — Treatment of assets — Minimum amounts — Purchase of single premium life annuity
§ 48.38.030 Charitable annuity contract or policy form — Contents
§ 48.38.040 Certificate holder exempt from certain title provisions — Chapter 48.31 RCW applies
§ 48.38.042 Certificate holder — Variable annuity business prohibited
§ 48.38.050 Grounds for denial, revocation, or suspension of certificate of exemption — Fine may be levied
§ 48.38.060 Hearings and appeals provisions inapplicable
§ 48.38.070 Enforcement powers and duties
§ 48.38.075 Rules
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Terms Used In Washington Code > Chapter 48.38 - Charitable gift annuity business

  • 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.
  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Contract: A legal written agreement that becomes binding when signed.
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
  • Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
  • person: may be construed to include the United States, this state, or any state or territory, or any public or private corporation or limited liability company, as well as an individual. See Washington Code 1.16.080
  • Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.