Nev. Rev. Stat. § 688A.285
Qualified charitable-gift annuity: Effect of noncompliance; penalties
Nevada · Nevada Revised Statutes Chapter 688A — Life Insurance and Annuity Contracts · Status: effective
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- Nev. Rev. Stat. § 688A.285, Qualified charitable-gift annuity: Effect of noncompliance; penalties, Nevada, version 1 as recorded 2026-10-03, yourstate.us, https://yourstate.us/provision/2147263
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Full text
1. Failure of a charitable organization to comply with the requirements of NRS 688A.283 or 688A.284 for disclosure or notice, or both, does not disqualify an annuity that otherwise constitutes a qualified charitable-gift annuity.
2. The Commissioner may demand, by certified mail with return receipt requested, that the organization comply with those requirements, and may impose a fine of not more than $1,000 for each charitable-gift annuity issued before compliance is complete.