(1) ORS 743.100 to 743.109 apply to all policies delivered or issued for delivery in this state, except:
(a) Any policy that is a security subject to federal jurisdiction.
(b) Any group policy covering a group of 1,000 or more lives at date of issue, other than a group credit life insurance policy or a group credit health insurance policy. However, this paragraph shall not exempt any certificate issued pursuant to a group policy.
(c) Any group annuity contract that serves as a funding vehicle for a pension, profit-sharing or deferred compensation plan.
(d) Any form used in connection with, as a conversion from, as an addition to, or, pursuant to a contractual provision, in exchange for, a policy delivered or issued for delivery on a form approved or permitted to be issued prior to the date the form must be approved under section 9, chapter 708, Oregon Laws 1979.
(e) The renewal of a policy delivered or issued for delivery prior to the date the policy form must be approved under section 9, chapter 708, Oregon Laws 1979.
(f) Any certificate issued pursuant to a group policy not delivered or issued for delivery in this state.
(2) A non-English language policy will be deemed to comply with ORS 743.106 if the insurer certifies that the policy is translated from an English language policy that complies with ORS 743.106. [Formerly 743.362]Section: Previous 743.093 743.096 743.099 743.100 743.101 743.102 743.103 743.104 743.105 743.106 743.107 743.108 743.109 743.111 743.114 Next
Last modified: August 7, 2008