Oregon Administrative Rules
Chapter 836 - DEPARTMENT OF CONSUMER AND BUSINESS SERVICES, INSURANCE REGULATION
Division 10 - GENERAL PROVISIONS
Section 836-010-0026 - Prohibition on the Use of Discretionary Clauses
Current through Register Vol. 63, No. 9, September 1, 2024
(1)
(2) A policy, contract or agreement offered or issued in this state by an insurer to provide, deliver, arrange for, pay for or reimburse claim costs may not contain a discretionary clause or other language purporting to reserve discretion to the insurer to interpret the terms of the contract, or to provide standards of interpretation or review that are inconsistent with the laws of this state.
(3) This rule does not prevent a policy provision that addresses alternative dispute resolution as allowed by law.
(4) This rule is self-executing. The rule applies to policies, contracts and agreements issued or renewed on or after the date the rule is adopted. If a policy, contract or agreement is renewed and contains a provision rendered void and unenforceable by this rule, the parties to the policy, contract or agreement and the courts shall treat that provision as void and unenforceable.
Stat. Auth: ORS 731.244
Stats. Implemented: ORS 731.008, 742.003 & 742.005