Oregon Code § 743.231·Enacted ·Last updated March 01, 2026
Statute Text
Profit-sharing
policy defined.
Profit-sharing
policy means:
(1) A life
insurance policy which by its terms expressly provides that the policyholder
will participate in the distribution of earnings or surplus other than earnings
or surplus attributable, by reasonable and nondiscriminatory standards, to the
participating policies of the insurer and allocated to the policyholder on
reasonable and nondiscriminatory standards; or
(2) A life
insurance policy the provisions of which, through sales material or oral
presentations, are interpreted by the insurer to prospective policyholders as
entitling the policyholder to the benefits described in subsection (1) of this
section. [Formerly 739.705]
Plain English Explanation
This Oregon statute addresses Profit-sharing
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Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 743.231
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
This section of Oregon law addresses Profit-sharing
. Read the full statute text above for details.
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The formal citation is Oregon Code § 743.231. Use this format in legal documents and court filings.
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