33-20-704. Notice to commissioner. (1) A charitable organization that issues or intends to issue qualified charitable gift annuities shall notify the commissioner in writing prior to the date of entering into the organization's first qualified charitable gift annuity agreement and shall notify the commissioner on March 1 of each year in which the charitable organization issues or intends to issue qualified charitable gift annuities. The notice must:
(a) be signed by an officer or director of the organization;
(b) identify the organization;
(c) certify that:
(i) the organization is a charitable organization; and
(ii) the annuities issued by the organization are qualified charitable gift annuities.
(2) The organization is not required to submit additional information except:
(a) within 30 days of receipt of a written request, to provide the commissioner with financial documents verifying information that was provided to the commissioner in the notice; or
(b) to enable the commissioner to determine appropriate penalties that may be applicable under 33-20-705.