Order 24-0244

Order Summary
$10,000 fine levied for issuing three (3) charitable gift annuities before obtaining a Certificate of Exemption and for issuing CGAs that do not comply with the Insurance Code the Company violated RCW 48.18.100(1), RCW 48.18.200(1)(a), RCW 48.38.030(5), RCW 48.05.030(1), and RCW 48.15.020(1)
Entities Named in the Order
Entity Name Location
UNIVERSITY OF MINNESOTA FOUNDATION MINNEAPOLIS, MN
Order Documents
Order Type Issue Date Effective Date
Consent Order with Fine 10/10/2024 10/14/2024

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