A group life insurance policy shall contain a provision that if a person insured under the group policy dies during the period within which the person would have been entitled to have an individual policy issued in accordance with ORS 743.333 or 743.336 and before such an individual policy shall have become effective, the amount of life insurance which the person would have been entitled to have issued under such individual policy shall be payable as a claim under the group policy, whether or not application for the individual policy or the payment of the first premium therefor has been made. [1967 c.359 §424]
Section: Previous 743.318 743.321 743.324 743.327 743.330 743.333 743.336 743.339 743.342 743.345 743.348 743.350 743.351 743.353 743.354 NextLast modified: August 7, 2008