Oregon Statutes 744.359 – Disclosure by life settlement broker or provider to insurer
Current as of: 2023 | Check for updates
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Prior to the initiation of a plan, transaction or series of transactions, a life settlement broker or life settlement provider shall fully disclose to an insurer the plan, transaction or series of transactions to which the life settlement broker or life settlement provider is a party, to originate, renew, continue or finance a life insurance policy with the insurer for the purpose of engaging in the business of life settlements at anytime prior to, or during the first five years after, issuance of the policy. [2009 c.711 § 12]
Terms Used In Oregon Statutes 744.359
- Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
[Repealed by 1967 c.359 § 704]