Oregon Statutes 743.104 – Scope of ORS 743.100 to 743.109
(1) ORS § 743.100 to 743.109 apply to all policies delivered or issued for delivery in this state, except:
Terms Used In Oregon Statutes 743.104
- 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.
- Contract: A legal written agreement that becomes binding when signed.
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
(a) Any policy that is a security subject to federal jurisdiction.
(b) Any group policy covering a group of 1,000 or more lives at date of issue, other than a group credit life insurance policy or a group credit health insurance policy. However, this paragraph shall not exempt any certificate issued pursuant to a group policy.
(c) Any group annuity contract that serves as a funding vehicle for a pension, profit-sharing or deferred compensation plan.
(d) Any form used in connection with, as a conversion from, as an addition to, or, pursuant to a contractual provision, in exchange for, a policy delivered or issued for delivery on a form approved or permitted to be issued prior to the date the form must be approved under section 9, chapter 708, Oregon Laws 1979.
(e) The renewal of a policy delivered or issued for delivery prior to the date the policy form must be approved under section 9, chapter 708, Oregon Laws 1979.
(f) Any certificate issued pursuant to a group policy not delivered or issued for delivery in this state.
(2) A non-English language policy will be deemed to comply with ORS § 743.106 if the insurer certifies that the policy is translated from an English language policy that complies with ORS § 743.106. [Formerly 743.362]
[1967 c.359 § 368; renumbered 743.049 in 1989]