OAR 836-014-0290
Contacts by Life Settlement Provider or Broker


(1)

After a life settlement provider has entered into a life settlement contract, neither the life settlement provider nor the life settlement broker may make contact with the insured:

(a)

More frequently than once every three months if the insured has a life expectancy of more than one year; and

(b)

More frequently than twice each month if the insured has a life expectancy of one year or less.

(2)

The life settlement provider shall explain the procedure for contacts authorized in section (1) of this rule to the insured when the life settlement contract is entered into.

(3)

The limitation in this rule on contacts by a life settlement provider or life settlement broker does not apply to contacts initiated by the policyholder, certificate holder or insured, to contacts required to inform the insured of any transfer of ownership under OAR 836-014-0280 (Disclosure Required)(5) or for keeping the life insurance policy in force.

(4)

The disclosure statement required under OAR 836-014-0280 (Disclosure Required) must include a clear description of the permitted contacts with an insured allowed under section (1) of this rule including an explanation of the purpose of such subsequent contacts.

Source: Rule 836-014-0290 — Contacts by Life Settlement Provider or Broker, https://secure.­sos.­state.­or.­us/oard/view.­action?ruleNumber=836-014-0290.

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 836-014-0290’s source at or​.us