ORS 743.275: 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.