Chapter 743 — Healthand Life Insurance

 

2009 EDITION

 

 

HEALTHAND LIFE INSURANCE

 

INSURANCE

 

GENERALPROVISIONS

 

743.010 Healthinsurance policy and health benefit plan forms; rules

 

743.013 Disclosureof differences in replacement health insurance policies; nonduplication forpersons 65 and older; rules

 

743.015 Filingand approval of credit life and credit health insurance forms; filing of rates

 

743.018 Filingof rates for life and health insurance; rules

 

743.019 Publiccomment on proposed rates for health insurance

 

743.020 Ratefiling to include statement of administrative expenses; rules

 

743.024 Personalinsurance, insurable interest and beneficiaries

 

743.027 Consentof individual required for life and health insurance; exceptions

 

743.028 Uniformhealth insurance claim forms

 

743.030 Lifeinsurance for benefit of charity

 

743.039 Alterationof application for life or health insurance

 

743.041 Paymentdischarges insurer

 

743.043 Assignmentof policies

 

743.046 Exemptionof proceeds of individual life insurance other than annuities

 

743.047 Exemptionof proceeds of group life insurance

 

743.049 Exemptionof proceeds of annuity policies; assignability of rights

 

743.050 Exemptionof proceeds of health insurance

 

743.053 Prohibitionon requirement that death or dismemberment occur in less than 180 days afteraccident

 

POLICYLANGUAGE SIMPLIFICATION

 

743.100 Shorttitle

 

743.101 Purpose

 

743.103 Definitionsfor ORS 743.100 to 743.109

 

743.104 Scopeof ORS 743.100 to 743.109

 

743.106 Readingease standards for life and health insurance policies

 

743.107 Whendirector may authorize lower standards

 

743.109 Approvalof certain policy forms containing specified provisions; conditions forapproval

 

INDIVIDUALLIFE INSURANCE AND ANNUITIES

 

(Generally)

 

743.150 Scopeof ORS 743.150, 743.153 and 743.156

 

743.153 Statementof benefits

 

743.154 Accelerationof death benefits; rules

 

743.156 Statementof premium

 

(IndividualLife Insurance Policies)

 

743.159 Scopeof ORS 743.162 to 743.243

 

743.162 Paymentof premium

 

743.165 Graceperiod

 

743.168 Incontestability

 

743.171 Incontestabilityand limitation of liability after reinstatement

 

743.174 Entirecontract

 

743.177 Statementsof insured

 

743.180 Misstatementof age

 

743.183 Dividends

 

743.186 Policyloan

 

743.187 Maximuminterest rate on policy loan; adjustable interest rate

 

743.189 Reinstatement

 

743.192 Paymentof claim; payment of interest upon failure to pay proceeds

 

743.195 Installmentpayments

 

743.198 Title

 

743.201 Beneficiaryof industrial policies

 

743.204 StandardNonforfeiture Law for Life Insurance; applicability

 

743.207 Requiredprovisions relating to nonforfeiture

 

743.210 Determinationof cash surrender values; applicability to certain policies

 

743.213 Determinationof paid-up nonforfeiture benefits

 

743.215 Calculationof adjusted premiums

 

743.216 Adjustedpremiums; applicability

 

743.218 Requirementsfor determination of future premium amounts or minimum values

 

743.219 Supplementalrules for calculating nonforfeiture benefits

 

743.221 Cashsurrender values upon default in premium payment

 

743.222 Policybenefits and premiums that shall be disregarded in calculating cash surrendervalues and paid-up nonforfeiture benefits

 

743.225 Prohibitedprovisions

 

743.228 Actsof corporate insured or beneficiary with respect to policy

 

743.230 Variablelife policy provisions

 

743.231 “Profit-sharingpolicy” defined

 

743.234 “Charterpolicy” or “founders policy” defined

 

743.237 “Couponpolicy” defined

 

743.240 Profit-sharing,charter or founders policies prohibited

 

743.243 Restrictionson form of coupon policy

 

743.245 Variablelife insurance policy provisions

 

743.247 Noticeto variable life insurance policyholders

 

(IndividualAnnuity and Pure Endowment Policies)

 

743.252 Scopeof ORS 743.255 to 743.273

 

743.255 Graceperiod for annuities

 

743.258 Incontestability

 

743.261 Entirecontract

 

743.264 Misstatementof age or sex

 

743.267 Dividends

 

743.268 Advancementof policy loans

 

743.269 Periodicpayments for period certain

 

743.270 Reinstatement

 

743.271 Periodicstipulated payments on variable annuities

 

743.272 Computingbenefits

 

743.273 Standardprovisions of reversionary annuities

 

743.275 StandardNonforfeiture Law for Individual Deferred Annuities; application

 

743.278 Requiredprovisions in annuity policies; exception

 

743.284 Computationof benefits

 

743.287 Commencementof annuity payments at optional maturity dates; calculation of benefits

 

743.290 Noticeof nonpayment of certain benefits to be included in annuity policy

 

743.293 Minimumforfeiture amounts for annuity policies; rules

 

743.295 Effectof certain life insurance and disability benefits on minimum nonforfeitureamounts

 

GROUPLIFE INSURANCE

 

743.303 Requirementsfor issuance of group life insurance policies

 

743.306 Requiredprovisions in group life insurance policies

 

743.309 Nonforfeitureprovisions

 

743.312 Graceperiod

 

743.315 Incontestability

 

743.318 Application;representations by policyholders and insureds

 

743.321 Evidenceof insurability

 

743.324 Misstatementof age

 

⚖️ State Laws