26.1-34.1-04. Contents of annuity contract or policy form.

Each charitable annuity contract or policy form used or issued by the corporation must include at least the following information:

1. The value of the property to be transferred;

2. The amount of the periodic annuity benefits to be paid;

3. The manner in which and the intervals at which payment is to be made;

4. The age of the person during whose life payment is to be made; and

5. The reasonable value as of the date of the agreement of the benefits thereby created.