(1) No insurer or insurance producer selling a policy of group life insurance or group health insurance subject to an exemption in ORS 731.146 (2)(b) or (c) is authorized to sell membership in a group for the purpose of qualifying an applicant who is an individual for the insurance.
(2) No insurer or insurance producer selling membership in a group is authorized to offer a policy of group life insurance or group health insurance subject to an exemption in ORS 731.146 (2)(b) or (c) for the purpose of selling membership in the group. [1989 c.784 §2; 2003 c.364 §72; 2007 c.752 §2]
Note: The amendments to 731.484 by section 7, chapter 752, Oregon Laws 2007, become operative January 2, 2014. See section 13, chapter 752, Oregon Laws 2007. The text that is operative on and after January 2, 2014, is set forth for the user’s convenience.
731.484. (1) No insurer or insurance producer selling a policy of group life insurance or group health insurance subject to the exemption in ORS 731.146 (2)(b) is authorized to sell membership in a group for the purpose of qualifying an applicant who is an individual for the insurance.
(2) No insurer or insurance producer selling membership in a group is authorized to offer a policy of group life insurance or group health insurance subject to the exemption in ORS 731.146 (2)(b) for the purpose of selling membership in the group.
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