ORS 743.237 - 'Coupon policy' defined
|Cite as:||ORS 743.237|
|Currency:||Current through 2018 Regular Session, Chapter 88|
"Coupon policy" means a life insurance policy which provides a series of pure endowments maturing periodically in amounts not exceeding the gross annual policy premiums. The term "pure endowment" or "endowment" is used in its accepted actuarial sense, meaning a ben...
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