OAR 836-014-0205
Definitions


(1)

In addition to the definitions set forth in section 2, chapter 711, Oregon Laws 2009 (Enrolled Senate Bill 973), as used in OAR 835-014-0200 to 836-014-0330 (Unfair Trade Practices):

(2)

“Terminally ill” means having an illness or sickness that can reasonably be expected to result in death in 24 months or less, including but not limited to one or more of the following:

(a)

A medical condition that will result in a drastically limited life span not exceeding 24 months.

(b)

A medical condition that has required or requires extraordinary medical intervention, such as a major organ transplant or continuous artificial life support, without which the insured person would die.

(c)

Any condition that usually requires continuous confinement in a nursing home, convalescent center or other care facility, if the insured person is expected to remain there for the rest of the insured person’s life.

(d)

A medical condition that in the absence of extensive or extraordinary medical treatment will result in a drastically limited life span. Such medical conditions include but are not limited to the following:

(A)

Coronary artery disease resulting in an acute infarction or requiring surgery;

(B)

Permanent neurological deficit resulting from cerebral vascular accident;

(C)

End-stage renal failure; or

(D)

Acquired Immune Deficiency Syndrome.
836–014–0001
Purpose, Authority and Effective Date
836–014–0005
Applicability and Scope
836–014–0010
Required Capitalization
836–014–0015
Annual Financial Statement
836–014–0020
Deposits
836–014–0025
Bond
836–014–0030
Sales Representatives
836–014–0035
Registration of Legal Expense Organization
836–014–0040
Amendments to Registration
836–014–0042
Renewal of Legal Expense Organization Registration
836–014–0045
Unfair Trade Practice
836–014–0100
Actuarial Certification
836–014–0200
Statutory Authority and Implementation
836–014–0205
Definitions
836–014–0210
License Fees
836–014–0220
Life Settlement Provider License Requirements
836–014–0226
Life Settlement Investment Agent Licensing Requirements
836–014–0230
Renewal Requirements
836–014–0240
Filing Requirements, Life Settlement Contracts and Disclosure Statement Forms
836–014–0250
Contents of Life Settlement Contracts
836–014–0260
Rights and Duties of Parties to Life Settlement Contract
836–014–0263
Request to Insurer for Verification of Coverage
836–014–0265
Response by Insurer
836–014–0270
Standards for Evaluation of Reasonable Payments
836–014–0280
Disclosure Required
836–014–0285
Disclosures to Insurer
836–014–0290
Contacts by Life Settlement Provider or Broker
836–014–0300
Advertising Standards
836–014–0310
Reporting Requirements
836–014–0320
Requirements for Brokers
836–014–0325
Disclosures Required by Life Insurers
836–014–0330
Unfair Trade Practices
Last Updated

Jun. 8, 2021

Rule 836-014-0205’s source at or​.us