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§ 363. Exemption from regulation

Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 10 P.S. Charities and WelfareEffective: January 3, 2023

Purdon's Pennsylvania Statutes and Consolidated Statutes
Title 10 P.S. Charities and Welfare (Refs & Annos)
Chapter 12. Charitable Gift Annuity Exemption Act (Refs & Annos)
Effective: January 3, 2023
10 P.S. § 363
§ 363. Exemption from regulation
Currentness
The laws of this Commonwealth regulating insurance, including, but not limited to, the act of May 17, 1921 (P.L. 682, No. 284),1 known as The Insurance Company Law of 1921, and the act of May 17, 1921 (P.L. 789, No. 285),2 known as The Insurance Department Act of 1921, shall not apply to the issuance by a qualified charity of a qualified charitable gift annuity. This section shall not apply to de-risking annuity contracts.

Credits

1996, Oct. 16, P.L. 712, No. 127, § 3, effective in 60 days. Amended 2022, Nov. 3, P.L. 2145, No. 152, § 2, effective in 60 days [Jan. 3, 2023].

Footnotes

1
40 P.S. § 341 et seq.
2
40 P.S. § 1 et seq.
10 P.S. § 363, PA ST 10 P.S. § 363
Current through Act 10 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
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