(1) The issuance of a qualified charitable gift annuity does not constitute engaging in the business of insurance in this state.
(2) A charitable gift annuity issued before July 1, 2001, is a qualified charitable gift annuity for purposes of Sections 79-11-651 through 79-11-661, and the issuance of that charitable gift annuity does not constitute engaging in the business of insurance in this state.
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