Except as may be prescribed by the Director of the Department of Consumer and Business Services under ORS 733.220 (3) for reserves for guaranteed benefits and funds:
(1) Amounts allocated to a separate account and accumulations thereon may be invested and reinvested without regard to the requirements and limitations prescribed by ORS 733.510 to 733.780, except as expressly provided for separate accounts under such sections; and
(2) The investments in separate accounts shall not be considered in applying the investment limitations applicable to the general investments of the insurer. [1973 c.435 §9]
Section: Previous 733.600 733.610 733.620 733.630 733.635 733.640 733.650 733.652 733.654 733.656 733.658 733.660 733.670 733.680 733.685 NextLast modified: August 7, 2008