OAR 836-014-0263
Request to Insurer for Verification of Coverage

(1)

The life settlement provider or broker shall submit in writing a request for verification of coverage from the insurer on the status of the life insurance policy or certificate of a policyholder. The request shall be in the form illustrated on the Insurance Division website, or a similar form approved by the Director and shall be accompanied by an instruction executed by the policyholder or certificate holder authorizing the insurer to release the specified information referred to in this section to the life settlement provider or to the life settlement broker.

(2)

A life settlement provider or broker who submits a request under section (1) of this rule must state in the request that the provider or broker is licensed as a life settlement provider in this state and must disclose its license number.

Source: Rule 836-014-0263 — Request to Insurer for Verification of Coverage, https://secure.­sos.­state.­or.­us/oard/view.­action?ruleNumber=836-014-0263.

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 836-014-0263’s source at or​.us