Oregon Administrative Rules
Chapter 836 - DEPARTMENT OF CONSUMER AND BUSINESS SERVICES, INSURANCE REGULATION
Division 51 - LIFE, INDIVIDUAL AND GROUP; ANNUITIES
Section 836-051-0300 - Statutory Authority; Effective Date; Applicability
Current through Register Vol. 63, No. 9, September 1, 2024
(1) OAR 836-051-0300 to 836-051-0380 are adopted pursuant to ORS 743.154.
(2) OAR 836-051-0300 to 836-051-0380 become effective on June 1, 1992.
(3) No life insurance policy, certificate or rider containing an accelerated benefit provision may be delivered or issued for delivery in this state on or after June 1, 1992, unless the provision complies with OAR 836-051-0300 to 836-051-0380.
(4) OAR 836-051-0300 to 836-051-0380 apply to individual and group life insurance policies and to riders and certificates issued thereunder. OAR 836-051-0300 to 836-051-0380 apply to all accelerated benefits provisions of life insurance policies except for provisions for advance payment of life insurance proceeds under 836-052-0500 to 836-052-0645.
Stat. Auth.: ORS 731.244 & 743.154
Stats. Implemented: ORS 743.154