Oregon Revised Statutes

Or. Rev. Stat. § 731.154 (2026)

“Annuity.”

✓ current as of May 2026
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      731.154 “Annuity.” (1) “Annuity” or “annuity policy” means any agreement to make periodic payments, whether fixed or variable in amount, where the making of all or some of such payments, or the amount of any such payment, is dependent upon the continuance of human life, except payments made pursuant to the settlement provisions of a life insurance policy, and includes additional benefits operating to safeguard the policy from lapse or to provide a special surrender value or special benefit or annuity in the event of total and permanent disability of the annuitant.

      (2) “Annuity” does not include a charitable remainder annuity trust or a charitable remainder unitrust as defined in section 664(d) of the Internal Revenue Code. [1967 c.359 §33; 1993 c.377 §1]

Notes of Decisions
Cited in 4 cases, 1991–1996 · leading case: Texas Com. Bank v. Garamendi, 92 Cal. Daily Op. Serv. 9744 (Cal. Ct. App. 1992).
Texas Com. Bank v. Garamendi, 92 Cal. Daily Op. Serv. 9744 (Cal. Ct. App. 1992). “48A, § 65 (1991); Ore. Rev. Stat. Ann. § 731.154 (1987); Wyo.”
Sanders v. Oregon Pac. States Ins., 840 P.2d 87 (Or. 1992). ““(2) For convenience, reference to ‘life insurance’ in the Insurance Code includes life insurance as defined in subsection (1) of this section and annuities as defined in ORS 731.154, except if the inclusion of annuities obviously is inapplicable or if the context requires, or…”
Sanders v. Oregon Pac. States Ins., 821 P.2d 1119 (Or. Ct. App. 1991). · cites it 2× “"(2) For convenience, reference to `life insurance' in the Insurance Code includes life insurance as defined in subsection (1) of this section and annuities as defined in ORS 731.154, except if the inclusion of annuities obviously is inapplicable or if the context requires, or…”
In re Thompson, 197 B.R. 326 (Bankr. D. Or. 1996). “” ORS 731.154(1). Thus, by definition, an annuity thát is exempt under ORS 743.”
— Or. Rev. Stat. § 731.154(1) — 1 case
In re Thompson, 197 B.R. 326 (Bankr. D. Or. 1996). “” ORS 731.154(1). Thus, by definition, an annuity thát is exempt under ORS 743.”
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