Source: https://www.oregonlaws.org/glossary/definition/beneficiary
Timestamp: 2019-06-18 19:09:50
Document Index: 516034620

Matched Legal Cases: ['§ 75', '§ 129', '§ 401', '§ 656', '§ 656', '§ 74']

Definition of beneficiary - Oregon Legal Glossary
Glossary B beneficiary
A person named in an insurance policy to receive all or part of the benefits provided by it on the death of the insured. The beneficiary can be the insuredâ€™s estate, or a creditor, or a corporation under certain circumstances, as well as an individual.
See also insurance, irrevocable beneficiary, life insurance, optional settlement, primary beneficiary, settlement option
"Beneficiary" means a person who under the terms of a letter of credit is entitled to have its complying presentation honored. "Beneficiary" includes a person to whom drawing rights have been transferred under a transferable letter of credit.
See also adviser, letter of credit, presenter, successor of a beneficiary
"Beneficiary" includes, in the case of a decedent's estate, an heir and devisee and, in the case of a trust, an income beneficiary and a remainder beneficiary.
See also income beneficiary, income interest, mandatory income interest, principal, remainder beneficiary
"Beneficiary" has the meaning given that term in ORS 656.005 (Definitions).
"Beneficiary" means an injured worker, and the husband, wife, child or dependent of a worker, who is entitled to receive payments under this chapter. "Beneficiary" does not include:
(a) A spouse of an injured worker living in a state of abandonment for more than one year at the time of the injury or subsequently. A spouse who has lived separate and apart from the worker for a period of two years and who has not during that time received or attempted by process of law to collect funds for support or maintenance is considered living in a state of abandonment.
(b) A person who intentionally causes the compensable injury to or death of an injured worker.
"Beneficiary" means the person to be paid by the beneficiary's bank.
See also beneficiary's bank, payment order, sender
2Or. Rev. Stat. § 75.1020 (2007).
3Or. Rev. Stat. § 129.205 (2007).
4Or. Rev. Stat. § 401.025 (2007).
5Or. Rev. Stat. § 656.005 (2007).
6Or. Rev. Stat. § 656.005 (2007).
7Or. Rev. Stat. § 74A.1030 (2007).