Oregon Code § 733.328·Enacted ·Last updated March 01, 2026
Statute Text
Annual
valuation of reserve liabilities.
(1) The Director of the Department of Consumer and Business Services each year
shall value, or cause to be valued, the reserve liabilities for all outstanding
accident and health contracts, annuity and pure endowment contracts,
deposit-type contracts and life insurance contracts that every insurer issues
on or after the operative date of the valuation manual.
(2) In lieu of
valuing or causing a valuation of the reserves required of any foreign or alien
insurer, the director may accept any valuation that the insurance supervisory
official of any state or other jurisdiction makes or causes to be made if the
valuation complies with the minimum standard under the Standard Valuation Law.
(3) The
provisions set forth in sections 15 to 17, chapter 547, Oregon Laws 2015, apply
to all policies and contracts that insurers issue on or after the operative
date of the valuation manual. [2015 c.547 §12]
Plain English Explanation
This Oregon statute addresses Annual
. AI-powered analysis coming soon.
Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 733.328
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
This section of Oregon law addresses Annual
. Read the full statute text above for details.
This page reflects the current text as of our last update. Always verify with the official Oregon legislature website for the most current version.
The formal citation is Oregon Code § 733.328. Use this format in legal documents and court filings.
Browse related sections using the links below, or search all Oregon statutes on FlawFinder.