Oregon Department of Consumer and Business Services, Insurance Regulation

Rule Rule 836-051-0034
Exemptions


OAR 836-051-0030 (Purpose and Applicability) to 836-051-0040 (Trade Practice Regulation) apply to all group and individual life insurance policies and certificates except:

(1)

Variable life insurance;

(2)

Individual and group annuity contracts;

(3)

Credit life insurance;

(4)

Group or individual policies of life insurance issued to members of an employer group or other permitted group where:

(a)

Every plan of coverage was selected by the employer or other group representative;

(b)

Some portion of the premium is paid by the group or through payroll deduction; and

(c)

Group underwriting or simplified underwriting is used; or

(5)

Policies and certificates where an illustration has been provided pursuant to the requirements of OAR 836-051-0500 (Purpose; Authority) to 836-051-0600 (Trade Practice Regulation).
Source

Last accessed
Jun. 8, 2021