Oregon Revised Statutes Chapter 743 § 743.275 — Standard Nonforfeiture Law for Individual Deferred Annuities; application

Standard Nonforfeiture Law for Individual Deferred Annuities; application. (1) ORS 743.275 to 743.295 may be cited as the Standard Nonforfeiture Law for Individual Deferred Annuities. (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]