ORS 743.237 - 'Coupon policy' defined

Cite as:ORS 743.237
Currency:Current through 2018 Regular Session, Chapter 88
 
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"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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