Section 33-20-702 - Charitable gift annuity not insurance(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 April 24, 2003, is a qualified charitable gift annuity for purposes of this part, and the issuance of that charitable gift annuity does not constitute engaging in the business of insurance in this state.En. Sec. 2, Ch. 482, L. 2003.