CA Department of Insurance
STATE OF CALIFORNIA
Department of Insurance
Declaration of Commitment re advertising/solicitation disclosures
(by an officer of the Non-profit)
To be Answered By Applicant For Certificate of Authority As A
GRANTS AND ANNUITIES SOCIETY
STATE OF )
) ss.
COUNTY OF )
I, ,
(position or title)
of , the Applicant
herein, first being duly sworn, make the following statements in support of the application of the above-named organization for a certificate of authority pursuant to Section 11520 to 11524, inclusive, of the California Insurance Code:
I am familiar with the activities of the applicant, including its fund raising and planned giving activities, and I have the authority and the knowledge to make this statement on behalf of the applicant.
All advertising and promotional materials produced and distributed by ___________________________________ (applicant) to prospective California donors will contain the following or substantially similar language in at least 12-point boldface type:
THIS IS NOT LEGAL ADVICE. ANY PROSPECTIVE DONOR SHOULD SEEK THE ADVICE OF A QUALIFIED ESTATE AND / OR TAX PROFESSIONAL TO DETERMINE THE CONSEQUENCES OF HIS OR HER GIFT.
Additionally, all advertising and promotional materials produced and distributed by ___________________________________ (applicant) to prospective California donors will contain the following or substantially similar language in at least 12-point boldface type:
Annuities are subject to regulation by the State of California. Payments under such agreements, however, are not protected or otherwise guaranteed by any government agency or the California Life and Health Insurance Guarantee Association.
Subscribe this day of , .
at ,
Signature of Affiant
Subscribed and sworn to before me on the day and date last above written.
Notary Public in and for said
County and State
FORM CGA Legal 008
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