Oregon Administrative Rules
Chapter 836 - DEPARTMENT OF CONSUMER AND BUSINESS SERVICES, INSURANCE REGULATION
Division 51 - LIFE, INDIVIDUAL AND GROUP; ANNUITIES
Section 836-051-0034 - Exemptions
Universal Citation: OR Admin Rules 836-051-0034
Current through Register Vol. 63, No. 12, December 1, 2024
OAR 836-051-0030 to 836-051-0040 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 to 836-051-0600.
Stat. Auth.: ORS 731.244 & 746.240
Stats. Implemented: ORS 746.075, 743.218, 746.100, 746.110 & 746.240
Disclaimer: These regulations may not be the most recent version. Oregon may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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