Or. Admin. Code § 836-051-0300 - Statutory Authority; Effective Date; Applicability

(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.

Notes

Or. Admin. Code § 836-051-0300

ID 8-1992, f. 5-26-92, cert. ef. 6-1-92; ID 1-1996, f. & cert. ef. 1-12-96

Stat. Auth.: ORS 731.244 & 743.154

Stats. Implemented: ORS 743.154