Oregon Department of Consumer and Business Services, Insurance Regulation

Rule Rule 836-051-0310
Acknowledgement of Concurrence for Payout from Assignee or Beneficiary


Prior to payment of an accelerated benefit, an insurer shall obtain a signed acknowledgement of concurrence for payout as follows:

(1)

From an assignee, when the amount of benefit that is accelerated exceeds the unassigned portion of the death benefit, unless the assignee is the insurer.

(2)

From an irrevocable beneficiary, if there is an irrevocable beneficiary.
Source

Last accessed
Jun. 8, 2021