2021 Oregon Revised Statutes
Chapter 743 - Health and Life Insurance
Section 743.275 - Standard Nonforfeiture Law for Individual Deferred Annuities; application.


(2) The Standard Nonforfeiture Law for Individual Deferred Annuities does not apply to:
(a) Reinsurance.
(b) A group annuity policy purchased under a retirement or deferred compensation plan established or maintained by an employer, including a partnership or sole proprietorship, or by an employee organization, or by both. This exclusion does not apply, however, to a plan providing individual retirement accounts or individual retirement annuities under section 408 of the federal Internal Revenue Code.
(c) A premium deposit fund.
(d) A variable annuity policy.
(e) An investment annuity policy.
(f) An immediate annuity policy.
(g) A deferred annuity policy after annuity payments have commenced.
(h) A reversionary annuity.
(i) A policy delivered outside this state through an agent or other representative of the insurer issuing the policy. [1977 c.320 §2; 2003 c.370 §1]

Structure 2021 Oregon Revised Statutes

2021 Oregon Revised Statutes

Volume : 18 - Financial Institutions, Insurance

Chapter 743 - Health and Life Insurance

Section 743.004 - Submission of information by carriers offering health benefit plans.

Section 743.005 - Protection of health information report.

Section 743.007 - Data reporting.

Section 743.008 - Reporting requirements; rules.

Section 743.009

Section 743.010 - Health insurance policy and health benefit plan forms; expenditures on primary care; rules.

Section 743.015 - Filing and approval of credit life and credit health insurance forms; filing of rates.

Section 743.018 - Filing of rates for life and health insurance; rules.

Section 743.019 - Procedure for review of proposed rates for health benefit plans; rules.

Section 743.020 - Rate filing to include statement of administrative expenses; rules.

Section 743.022 - Premium rates for individual health benefit plans.

Section 743.023 - Electronic administration; discounted rates; requirements.

Section 743.025 - Rate filing to include prescription drug cost information; reports to Legislative Assembly.

Section 743.029 - Uniform standards for health care financial and administrative transactions; rules.

Section 743.031 - Stakeholder work group to recommend uniform standards.

Section 743.034 - Coordination with Oregon Health Authority concerning uniform standards; Department of Human Services to be subject to standards.

Section 743.035 - Uniform prior authorization form for prescription drug benefits; consultation with Oregon Health Authority; rules.

Section 743.038 - Consent of individual required for life and health insurance; exceptions.

Section 743.039 - Alteration of application for life or health insurance.

Section 743.040 - Personal insurance, insurable interest and beneficiaries.

Section 743.044 - Life insurance for benefit of charity.

Section 743.046 - Exemption of proceeds of individual life insurance other than annuities.

Section 743.047 - Exemption of proceeds of group life insurance.

Section 743.049 - Exemption of proceeds of annuity policies; assignability of rights.

Section 743.101 - Purpose.

Section 743.104 - Scope of ORS 743.100 to 743.109.

Section 743.106 - Reading ease standards for life and health insurance policies.

Section 743.107 - When director may authorize lower standards.

Section 743.154 - Acceleration of death benefits; rules.

Section 743.168 - Incontestability.

Section 743.171 - Incontestability and limitation of liability after reinstatement.

Section 743.183 - Dividends.

Section 743.186 - Policy loan.

Section 743.187 - Maximum interest rate on policy loan; adjustable interest rate.

Section 743.192 - Payment of claim; payment of interest upon failure to pay proceeds.

Section 743.204 - Standard Nonforfeiture Law for Life Insurance; applicability.

Section 743.207 - Required provisions relating to nonforfeiture.

Section 743.210 - Determination of cash surrender values; applicability to certain policies.

Section 743.215 - Calculation of adjusted premiums.

Section 743.216 - Adjusted premiums; applicability.

Section 743.218 - Requirements for determination of future premium amounts or minimum values.

Section 743.219 - Supplemental rules for calculating nonforfeiture benefits.

Section 743.221 - Cash surrender values upon default in premium payment.

Section 743.222 - Policy benefits and premiums that shall be disregarded in calculating cash surrender values and paid-up nonforfeiture benefits.

Section 743.225 - Prohibited provisions.

Section 743.228 - Acts of corporate insured or beneficiary with respect to policy.

Section 743.230 - Variable life policy provisions.

Section 743.231 - "Profit-sharing policy" defined.

Section 743.234 - "Charter policy" or "founders policy" defined.

Section 743.243 - Restrictions on form of coupon policy.

Section 743.247 - Notice to variable life insurance policyholders.

Section 743.268 - Advancement of policy loans.

Section 743.271 - Periodic stipulated payments on variable annuities.

Section 743.272 - Computing benefits.

Section 743.273 - Standard provisions of reversionary annuities.

Section 743.275 - Standard Nonforfeiture Law for Individual Deferred Annuities; application.

Section 743.278 - Required provisions in annuity policies; exception.

Section 743.284 - Computation of benefits.

Section 743.287 - Commencement of annuity payments at optional maturity dates; calculation of benefits.

Section 743.293 - Minimum forfeiture amounts for annuity policies; rules.

Section 743.295 - Effect of certain life insurance and disability benefits on minimum nonforfeiture amounts.

Section 743.298 - Penalties, fees or charges; rules.

Section 743.303 - Requirements for issuance of group life insurance policies.

Section 743.306 - Required provisions in group life insurance policies.

Section 743.327 - Payments under policy; payment of interest upon failure to pay proceeds.

Section 743.333 - Termination of individual coverage.

Section 743.336 - Termination of policy or class of insured persons.

Section 743.348 - Certain sales practices prohibited.

Section 743.351 - Eligibility of association to be group life policyholder; rules.

Section 743.354 - Requirements for certain group life policies issued to trustees of certain funds; rules.

Section 743.356 - Continuing coverage upon replacement of group life policy.

Section 743.358 - Borrowing by certificate holders under group life policy.

Section 743.360 - Alternative group life insurance coverage.

Section 743.371 - Definitions for credit life and credit health insurance provisions.

Section 743.372 - Applicability of credit life and credit health insurance provisions.

Section 743.373 - Forms of credit life and credit health insurance.

Section 743.374 - Limits on amount of credit life insurance.

Section 743.376 - Duration of credit life and credit health insurance.

Section 743.377 - Credit life and credit health insurance policy or group certificate; contents; delivery of policy, certificate or copy of application.

Section 743.378 - Charges and refunds to debtor.

Section 743.380 - Claim report and payment.

Section 743.402 - Exceptions to individual health insurance policy requirements.

Section 743.405 - General requirements for health insurance policies.

Section 743.406 - Required provisions in group health insurance policies.

Section 743.414 - Time limit on certain defenses; incontestability.

Section 743.416 - Due date for first premium payment.

Section 743.417 - Grace period for subsequent premium payments; cancellation and nonrenewal.

Section 743.420 - Reinstatement.

Section 743.423 - Notice of claim.

Section 743.435 - Payment of claims.

Section 743.444 - Change of beneficiary.

Section 743.456 - Other insurance in same insurer.

Section 743.459 - Insurance with other insurers; expense incurred benefits.

Section 743.462 - Insurance with other insurers; other than expense incurred benefits.

Section 743.465 - Relation of earnings to insurance.

Section 743.472 - Permissible reasons for cancellation or refusal to renew.

Section 743.495 - Use of terms "noncancelable" or "guaranteed renewable"; synonymous terms.

Section 743.498 - Statement in policy of cancelability or renewability.

Section 743.521 - Leased workers; offering group health insurance.

Section 743.522 - Additional groups designated by director.

Section 743.523 - Certain sales practices prohibited.

Section 743.524 - Eligibility of association to be group health policyholder; rules.

Section 743.526 - Determination of whether trustees are policyholders; consequences; rules.

Section 743.535 - Health benefit coverage for guaranteed association.

Section 743.536 - "Blanket health insurance" defined.

Section 743.550 - Student health insurance.

Section 743.551 - Student health benefit plans; rules.

Section 743.650 - Long Term Care Insurance Act; purpose; application.

Section 743.652 - Definitions for ORS 743.650 to 743.665.

Section 743.655 - Rules; disclosure; contents of policy.

Section 743.656 - Eligibility for benefits; providers required to be covered.

Section 743.658 - Notice of lapse or termination; rules.

Section 743.662 - Rescission of policy and denial of claims.

Section 743.664 - Offer of nonforfeiture benefit; rules.

Section 743.680 - Definitions for ORS 743.680 to 743.689.

Section 743.682 - Application of ORS 743.680 to 743.689.

Section 743.683 - Policy contents; standards for benefit and claims payments; rules.

Section 743.684 - Filing of policy; loss ratio standards; insurance producer compensation.

Section 743.685 - Outline of coverage; information brochure; rules.

Section 743.787 - Definitions for ORS 743.788.

Section 743.788 - Prescription drug identification card.

Section 743.824 - Cash dividends for healthy behaviors.

Section 743.826 - Requirements for catastrophic plans.