§ 743.100 Short title
§ 743.101 Purpose
§ 743.103 Definitions for ORS 743.100 to 743.109
§ 743.104 Scope of ORS 743.100 to 743.109
§ 743.106 Reading ease standards for life and health insurance policies
§ 743.107 When director may authorize lower standards
§ 743.109 Approval of certain policy forms containing specified provisions; conditions for approval
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Terms Used In Oregon Statutes > Chapter 743 > Policy Language Simplification

  • 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.
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.