ORS 743.104
Scope of ORS 743.100 to 743.109
(1)
ORS 743.100 (Short title) to 743.109 (Approval of certain policy forms containing specified provisions) apply to all policies delivered or issued for delivery in this state, except:(a)
Any policy that is a security subject to federal jurisdiction.(b)
Any group policy covering a group of 1,000 or more lives at date of issue, other than a group credit life insurance policy or a group credit health insurance policy. However, this paragraph shall not exempt any certificate issued pursuant to a group policy.(c)
Any group annuity contract that serves as a funding vehicle for a pension, profit-sharing or deferred compensation plan.(d)
Any form used in connection with, as a conversion from, as an addition to, or, pursuant to a contractual provision, in exchange for, a policy delivered or issued for delivery on a form approved or permitted to be issued prior to the date the form must be approved under section 9, chapter 708, Oregon Laws 1979.(e)
The renewal of a policy delivered or issued for delivery prior to the date the policy form must be approved under section 9, chapter 708, Oregon Laws 1979.(f)
Any certificate issued pursuant to a group policy not delivered or issued for delivery in this state.(2)
A non-English language policy will be deemed to comply with ORS 743.106 (Reading ease standards for life and health insurance policies) if the insurer certifies that the policy is translated from an English language policy that complies with ORS 743.106 (Reading ease standards for life and health insurance policies). [Formerly 743.362]
Source:
Section 743.104 — Scope of ORS 743.100 to 743.109, https://www.oregonlegislature.gov/bills_laws/ors/ors743.html.
Up to date