OAR 836-050-0280
Credit Unions as Association; Group Health Insurance

A credit union organized under ORS Chapter 723 (Credit Unions), a credit union authorized to conduct business as a credit union in this state under 723.042 (Interstate credit unions) or a federal credit union the principal office of which is located in Oregon is considered to have a constitution and bylaws and to be maintained primarily for purposes other than the procurement of insurance. Such a credit union may qualify as an association for the purposes of being the policyholder of a group health insurance policy if:

(1)

The credit union is authorized to be such a policyholder under the laws under which the credit union is organized; and

(2)

The Director determines that the credit union otherwise satisfies the requirements of ORS 743.522 (Additional groups designated by director)(2).

Source: Rule 836-050-0280 — Credit Unions as Association; Group Health Insurance, https://secure.­sos.­state.­or.­us/oard/view.­action?ruleNumber=836-050-0280.

Last Updated

Jun. 8, 2021

Rule 836-050-0280’s source at or​.us