2015 Oregon Revised Statutes
Volume : 16 - Financial Institutions, Insurance
Chapter 743 - Health and Life Insurance
Section 743.275 - Standard Nonforfeiture Law for Individual Deferred Annuities; application.
(1) ORS 743.275 to 743.295 may be cited as the Standard Nonforfeiture Law for Individual Deferred Annuities.
(2) The Standard Nonforfeiture Law for Individual Deferred Annuities does not apply to:
(a) Reinsurance.
(b) A group annuity policy purchased under a retirement or deferred compensation plan established or maintained by an employer, including a partnership or sole proprietorship, or by an employee organization, or by both. This exclusion does not apply, however, to a plan providing individual retirement accounts or individual retirement annuities under section 408 of the federal Internal Revenue Code.
(c) A premium deposit fund.
(d) A variable annuity policy.
(e) An investment annuity policy.
(f) An immediate annuity policy.
(g) A deferred annuity policy after annuity payments have commenced.
(h) A reversionary annuity.
(i) A policy delivered outside this state through an agent or other representative of the insurer issuing the policy.
[1977 c.320 §2; 2003 c.370 §1]
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