(1) A carrier approved pursuant to subsection (4) of this section that offers individual health benefit plans may satisfy the requirements of ORS 743.760 by issuing any individual health benefit plan offered by the carrier to any eligible individual as defined in ORS 743.760 who:
(a) Is leaving or has left a group health benefit plan provided by that carrier;
(b) Applies for the policy; and
(c) Agrees to make the required premium payments and to satisfy the other provisions of the plan.
(2) All health benefit plans issued pursuant to subsection (1) of this section shall:
(a) Comply with ORS 743.767 and 743.769; and
(b) Contain no preexisting conditions provisions, exclusion periods, waiting periods or other similar limitations on coverage.
(3) A carrier offering plans pursuant to this section shall offer plans that meet the standards and requirements described in ORS 743.760 (2).
(4) The Director of the Department of Consumer and Business Services shall adopt standards for minimum participation in the individual market necessary for a carrier to offer policies under this section and shall develop a program for approval of carriers under this section. [1995 c.603 §19]
Section: Previous 743.754 743.755 743.756 743.757 743.758 743.759 743.760 743.761 743.762 743.763 743.765 743.766 743.767 743.768 743.769 NextLast modified: August 7, 2008