Terms Used In Oregon Statutes > Chapter 748 > Licensing and Reinsurance

• Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
• Certificate: means the document issued as written evidence of the benefit contract. See Oregon Statutes 748.103
• Contract: A legal written agreement that becomes binding when signed.
• Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
• Laws: means the society's articles of incorporation, constitution and bylaws, however designated. See Oregon Statutes 748.103
• Oath: A promise to tell the truth.
• Power of attorney: A written instrument which authorizes one person to act as another's agent or attorney. The power of attorney may be for a definite, specific act, or it may be general in nature. The terms of the written power of attorney may specify when it will expire. If not, the power of attorney usually expires when the person granting it dies. ^{Source: OCC}
• Society: means fraternal benefit society, unless otherwise indicated. See Oregon Statutes 748.103