(a) The issuance of a qualified charitable gift annuity shall not constitute engaging in the business of insurance in this state.
(b) A charitable gift annuity issued before October 1, 1999, is a qualified charitable gift annuity for the purposes of sections 38a-1030 to 38a-1034 , inclusive, and the issuance of that charitable gift annuity shall not constitute engaging in the business of insurance in this state.