Or. Admin. Code § 836-042-0320 - Cancellation and Non-Renewal
(1) For
purposes of Sections 743.905and 743.916 of the
Insurance Code, limiting the cancellation and non-renewal of
insurance policies, the failure of an association, to remit premiums when due
for any reason (including but not limited to interruption or termination of
employment or membership) shall not be regarded as "non-payment of premium" by
any insured under a plan providing for remittance of premium by such
association, unless the insured has been given written notice of the failure to
remit and has not paid the premium by ten days after such notice, or the due
date of the premium remittance under the mass marketing plan, whichever is
later.
(2) Every mass marketing
plan shall provide that an insured may maintain the policy in force in the same
amount, for 60 days after termination of employment or membership or
discontinuance of the plan. The member would pay the premium applicable to the
class of risk to which the member would belong as an individual. The option to
maintain the insurance in force must be exercised within 30 days following the
date of termination. Any notice of cancellation or non-renewal of a policy
under a mass marketing plan shall include a notice to the insured member that
the insurer will allow the association, a reasonable opportunity to consult
with the insurer and to present facts in opposition to cancellation or
non-renewal.
Notes
Publications: The publication(s) referred to or incorporated by reference in this rule are available from the agency.
Stat. Auth.: ORS 731
Stats. Implemented: ORS 737.346(3)(d)
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