Oregon Statutes 731.046 – Exemption of policies from Securities Law
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Any policy, other than a variable annuity policy, whose form has been filed with and approved by the Director of the Department of Consumer and Business Services is exempt from the application of ORS § 59.005 to 59.505, 59.710 to 59.830, 59.991 and 59.995, and the marketing of such policy is likewise exempt. [1967 c.359 § 10; 2007 c.393 § 2]
Terms Used In Oregon Statutes 731.046
- Annuity: A periodic (usually annual) payment of a fixed sum of money for either the life of the recipient or for a fixed number of years. A series of payments under a contract from an insurance company, a trust company, or an individual. Annuity payments are made at regular intervals over a period of more than one full year.
[Repealed by 1965 c.241 § 3]
DEFINITIONS GENERALLY