Or. Admin. R. 836-051-0034

Current through Register Vol. 63, No. 4, April 1, 2024

Section 836-051-0034 - Exemptions

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.

Or. Admin. R. 836-051-0034

ID 6-2011, f. & cert. ef. 2-23-11

Stat. Auth.: ORS 731.244 & 746.240

Stats. Implemented: ORS 746.075, 743.218, 746.100, 746.110 & 746.240