Oregon Law
Law as of Jan 1, 2026
Chapter contents
748.010[Amended by 1955 c.465 §7; 1967 c.359 §108; renumbered 731.562] 748.020[Amended by 1955 c.465 §8; repealed by 1967 c.359 §704] 748.030[Repealed by 1967 c.359 §704] 748.040[Amended by 1955 c.465 §9; repealed by 1967 c.359 §704] 748.045[1955 c.465 §4; repealed by 1967 c.359 §704] 748.050[Repealed by 1955 c.465 §12] 748.055[1955 c.465 §6; repealed by 1967 c.359 §704] 748.060[Repealed by 1967 c.359 §704] 748.070[Amended by 1955 c.465 §10; repealed by 1967 c.359 §704] 748.075[1955 c.465 §3; repealed by 1967 c.359 §704] 748.080[Repealed by 1955 c.465 §12] 748.084[1955 c.465 §2; 1967 c.359 §94; renumbered 731.438] 748.086[1955 c.465 §5; 1967 c.359 §572; renumbered 746.055] 748.090[Amended by 1955 c.465 §11; repealed by 1967 c.359 §704] 748.103Definitions 748.105[Formerly 740.010; repealed by 1987 c.490 §58] 748.106Description of fraternal benefit society 748.109Conditions constituting “operating on a lodge system.” 748.110[Formerly 740.020; repealed by 1987 c.490 §58] 748.112Conditions constituting “representative form of government.” 748.115[Formerly 740.030; repealed by 1987 c.490 §58] 748.120[1967 c.359 §601; repealed by 1987 c.490 §58] 748.121Purposes, operation and powers 748.123Membership; eligibility; admission process; privileges 748.125[1987 c.490 §42; 1989 c.413 §18; repealed by 1991 c.182 §20] 748.130Principal office; publications; annual statement synopsis; complaints 748.133Formation 748.135[Formerly 740.090; repealed by 1987 c.490 §58] 748.136Officers, governors, directors; exemption from liability; indemnification; insurance 748.139Waiver of provisions by subordinate body 748.140[Formerly 740.100; repealed by 1987 c.490 §58] 748.142Amendment of society laws 748.144Creation and operation of other organizations and entities 748.145[Formerly 740.110; repealed by 1987 c.490 §58] 748.148Consolidation and merger 748.150[Formerly 740.120; repealed by 1987 c.490 §58] 748.155[Formerly 740.140; repealed by 1987 c.490 §58] 748.160[Formerly 740.040; repealed by 1987 c.490 §58] 748.165[Formerly 740.510; repealed by 1987 c.490 §58] 748.170[1967 c.359 §609; repealed by 1987 c.490 §58] 748.171Certificate of authority 748.174Certificate of authority for foreign or alien society 748.175[1967 c.359 §610; repealed by 1987 c.490 §58] 748.177Authorization as mutual life insurance company 748.181Insurance producers; licensing 748.184Reinsurance 748.185[Formerly 740.160; repealed by 1987 c.490 §58] 748.190[1967 c.359 §612; repealed by 1987 c.490 §58] 748.201Benefits 748.204Beneficiaries 748.205[1967 c.359 §613; repealed by 1987 c.490 §58] 748.207Benefits exempt from execution 748.210[1967 c.359 §614; repealed by 1987 c.490 §58] 748.211Benefit contract; certificate 748.215[1967 c.359 §615; repealed by 1987 c.490 §58] 748.216[Formerly 740.740; repealed by 1969 c.336 §21] 748.220[1967 c.359 §616; repealed by 1987 c.490 §58] 748.225[Formerly 740.640; repealed by 1987 c.490 §58] 748.230[Formerly 740.200; repealed by 1987 c.490 §58] 748.235[Formerly 740.650; repealed by 1987 c.490 §58] 748.240[Formerly 740.660; repealed by 1987 c.490 §58] 748.305[1967 c.359 §621; repealed by 1987 c.490 §58] 748.306Authority for group benefit certificates 748.309Group membership; lodges 748.310[1967 c.359 §622; repealed by 1987 c.490 §58] 748.312Membership in lodges organized under ORS 748.309 748.315[1967 c.359 §623; repealed by 1987 c.490 §58] 748.316Payments for group benefits 748.319Group certificates issued by foreign or alien society or by domestic society in foreign or alien jurisdiction 748.320[1967 c.359 §624; repealed by 1987 c.490 §58] 748.322Continuation of membership in society after cancellation, discontinuance or nonrenewal of group certificate 748.325[1967 c.359 §625; repealed by 1987 c.490 §58] 748.330[1967 c.359 §626; repealed by 1987 c.490 §58] 748.335[1967 c.359 §627; repealed by 1987 c.490 §58] 748.340[1967 c.359 §628; repealed by 1987 c.490 §58] 748.345[1967 c.359 §629; repealed by 1987 c.490 §58] 748.350[1967 c.359 §630; repealed by 1987 c.490 §58] 748.355[1967 c.359 §631; repealed by 1987 c.490 §58] 748.360[1967 c.359 §632; repealed by 1987 c.490 §58] 748.365[1967 c.359 §633; repealed by 1987 c.490 §58] 748.370[1967 c.359 §634; repealed by 1987 c.490 §58] 748.375[1967 c.359 §635; repealed by 1987 c.490 §58] 748.380[1967 c.359 §636; repealed by 1987 c.490 §58] 748.401Value of benefit and amount of options 748.403Standards of valuation for certificates 748.405[Formerly 740.810; repealed by 1987 c.490 §58] 748.406Financial statement; filing; fee; valuation 748.409Assets of society; variable contracts 748.410[Formerly 740.820; repealed by 1987 c.490 §58] 748.412Investment of funds 748.414Funds exempt from certain taxes 748.415[Formerly 740.840; repealed by 1987 c.490 §58] 748.420[Formerly 740.850; repealed by 1987 c.490 §58] 748.425[Formerly 740.860; repealed by 1987 c.490 §58] 748.430[1967 c.359 §642; repealed by 1987 c.490 §58] 748.501Examination 748.503Investigation of society; notice of deficiencies; action by Attorney General; hearing 748.505[1967 c.359 §643; repealed by 1987 c.490 §58] 748.506Investigation of foreign or alien society; notice of deficiencies; revocation or suspension of authority 748.509Validity of petition for injunction 748.510[1967 c.359 §644; repealed by 1987 c.490 §58] 748.515[1967 c.359 §645; repealed by 1987 c.490 §58] 748.520[1967 c.359 §646; 1981 c.609 §22; repealed by 1987 c.490 §58] 748.525[1967 c.359 §647; repealed by 1987 c.490 §58] 748.530[1967 c.359 §648; 1975 c.324 §1; repealed by 1987 c.490 §58] 748.535[1967 c.359 §649; repealed by 1987 c.490 §58] 748.540[1967 c.359 §650; repealed by 1987 c.490 §58] 748.545[Formerly 740.080; repealed by 1987 c.490 §58] 748.550[1967 c.359 §652; repealed by 1987 c.490 §58] 748.555[1967 c.359 §653; 1971 c.231 §40; 1973 c.515 §4; 1973 c.613 §3a; 1975 c.338 §3; 1975 c.689 §3; 1979 c.708 §10; 1981 c.649 §21; 1987 c.411 §11; 1987 c.739 §4; 1987 c.838 §15; repealed by 1987 c.490 §58] 748.601Exemptions from chapter 748.603Relationship to other insurance laws 748.605Insurance against risk of loss under less than fully insured employee health benefit plan 748.990Penalties

Chapter 748 — Fraternal Benefit Societies

ORS 748.414 Funds exempt from certain taxes

Every society organized or licensed under this chapter is hereby declared to be a charitable and benevolent institution, and all of its funds shall be exempt from all and every state, county, district, municipal and school tax, other than taxes on real estate and office equipment.

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Version history

2026-01-01

2025 Oregon Revised Statutes — official online source