Reserves for variable life insurance and annuity policies shall be established in accordance with actuarial procedures that recognize the variable nature of the benefits provided, any mortality guarantees, and the valuation requirements of the Standard Valuation Law. [1973 c.435 § 24; 1981 c.609 § 4]

Terms Used In Oregon Statutes 733.115

  • 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.

 

[Formerly 739.030; 1977 c.320 § 10; 1981 c.609 § 5; repealed by 1991 c.401 § 30]

 

[Formerly 733.130; repealed by 1991 c.401 § 30]

 

[1981 c.609 § 2; repealed by 1991 c.401 § 30]

 

[1981 c.609 § 7; repealed by 1991 c.401 § 30]

 

[1981 c.609 § 9; repealed by 1991 c.401 § 30]

 

[Formerly 739.035; 1969 c.431 § 1; 1973 c.636 § 1; 1977 c.320 § 11; 1981 c.609 § 6; renumbered 733.123]

 

[1973 c.636 § 3; 1977 c.320 § 12; 1981 c.609 § 8; repealed by 1991 c.401 § 30]

 

[1973 c.636 § 4; 1981 c.609 § 10; repealed by 1991 c.401 § 30]

 

[1973 c.636 § 5; 1981 c.609 § 11; repealed by 1991 c.401 § 30]

 

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