(2) The purpose of ORS 743.650 to 743.665 is to:
(a) Promote the public interest in long term care insurance;
(b) Promote the availability of long term care insurance policies;
(c) Protect applicants for long term care insurance from unfair or deceptive sales or enrollment practices;
(d) Establish standards for long term care insurance;
(e) Facilitate public understanding and comparison of long term care insurance policies;
(f) Facilitate flexibility and innovation in the development of long term care insurance coverage; and
(g) Ensure that Oregon residents who purchase insurance for long term care shall have access to policies providing for a comprehensive range of benefits.
(3) The requirements of ORS 743.650 to 743.665, 748.603 and 750.055 apply to policies and certificates delivered or issued for delivery in this state on or after December 31, 1989. ORS 743.650 to 743.665, 748.603 and 750.055 are not intended to supersede the obligations of entities subject to ORS 743.650 to 743.665, 748.603 and 750.055 to comply with the substance of other applicable insurance laws insofar as such laws do not conflict with ORS 743.650 to 743.665, 748.603 and 750.055, except that laws and rules designed and intended to apply to Medicare supplement insurance policies shall not be applied to long term care insurance. A policy that is not advertised, marketed or offered as long term care insurance or nursing home insurance is not required to meet the requirements of ORS 743.650 to 743.665, 748.603 and 750.055. [1989 c.1022 §§1,2,3; 2007 c.486 §1]
Structure 2021 Oregon Revised Statutes
Volume : 18 - Financial Institutions, Insurance
Chapter 743 - Health and Life Insurance
Section 743.004 - Submission of information by carriers offering health benefit plans.
Section 743.005 - Protection of health information report.
Section 743.007 - Data reporting.
Section 743.008 - Reporting requirements; rules.
Section 743.018 - Filing of rates for life and health insurance; rules.
Section 743.019 - Procedure for review of proposed rates for health benefit plans; rules.
Section 743.020 - Rate filing to include statement of administrative expenses; rules.
Section 743.022 - Premium rates for individual health benefit plans.
Section 743.023 - Electronic administration; discounted rates; requirements.
Section 743.031 - Stakeholder work group to recommend uniform standards.
Section 743.038 - Consent of individual required for life and health insurance; exceptions.
Section 743.039 - Alteration of application for life or health insurance.
Section 743.040 - Personal insurance, insurable interest and beneficiaries.
Section 743.044 - Life insurance for benefit of charity.
Section 743.046 - Exemption of proceeds of individual life insurance other than annuities.
Section 743.047 - Exemption of proceeds of group life insurance.
Section 743.049 - Exemption of proceeds of annuity policies; assignability of rights.
Section 743.104 - Scope of ORS 743.100 to 743.109.
Section 743.106 - Reading ease standards for life and health insurance policies.
Section 743.107 - When director may authorize lower standards.
Section 743.154 - Acceleration of death benefits; rules.
Section 743.168 - Incontestability.
Section 743.171 - Incontestability and limitation of liability after reinstatement.
Section 743.186 - Policy loan.
Section 743.187 - Maximum interest rate on policy loan; adjustable interest rate.
Section 743.192 - Payment of claim; payment of interest upon failure to pay proceeds.
Section 743.204 - Standard Nonforfeiture Law for Life Insurance; applicability.
Section 743.207 - Required provisions relating to nonforfeiture.
Section 743.210 - Determination of cash surrender values; applicability to certain policies.
Section 743.215 - Calculation of adjusted premiums.
Section 743.216 - Adjusted premiums; applicability.
Section 743.218 - Requirements for determination of future premium amounts or minimum values.
Section 743.219 - Supplemental rules for calculating nonforfeiture benefits.
Section 743.221 - Cash surrender values upon default in premium payment.
Section 743.225 - Prohibited provisions.
Section 743.228 - Acts of corporate insured or beneficiary with respect to policy.
Section 743.230 - Variable life policy provisions.
Section 743.231 - "Profit-sharing policy" defined.
Section 743.234 - "Charter policy" or "founders policy" defined.
Section 743.243 - Restrictions on form of coupon policy.
Section 743.247 - Notice to variable life insurance policyholders.
Section 743.268 - Advancement of policy loans.
Section 743.271 - Periodic stipulated payments on variable annuities.
Section 743.272 - Computing benefits.
Section 743.273 - Standard provisions of reversionary annuities.
Section 743.275 - Standard Nonforfeiture Law for Individual Deferred Annuities; application.
Section 743.278 - Required provisions in annuity policies; exception.
Section 743.284 - Computation of benefits.
Section 743.293 - Minimum forfeiture amounts for annuity policies; rules.
Section 743.298 - Penalties, fees or charges; rules.
Section 743.303 - Requirements for issuance of group life insurance policies.
Section 743.306 - Required provisions in group life insurance policies.
Section 743.327 - Payments under policy; payment of interest upon failure to pay proceeds.
Section 743.333 - Termination of individual coverage.
Section 743.336 - Termination of policy or class of insured persons.
Section 743.348 - Certain sales practices prohibited.
Section 743.351 - Eligibility of association to be group life policyholder; rules.
Section 743.356 - Continuing coverage upon replacement of group life policy.
Section 743.358 - Borrowing by certificate holders under group life policy.
Section 743.360 - Alternative group life insurance coverage.
Section 743.371 - Definitions for credit life and credit health insurance provisions.
Section 743.372 - Applicability of credit life and credit health insurance provisions.
Section 743.373 - Forms of credit life and credit health insurance.
Section 743.374 - Limits on amount of credit life insurance.
Section 743.376 - Duration of credit life and credit health insurance.
Section 743.378 - Charges and refunds to debtor.
Section 743.380 - Claim report and payment.
Section 743.402 - Exceptions to individual health insurance policy requirements.
Section 743.405 - General requirements for health insurance policies.
Section 743.406 - Required provisions in group health insurance policies.
Section 743.414 - Time limit on certain defenses; incontestability.
Section 743.416 - Due date for first premium payment.
Section 743.417 - Grace period for subsequent premium payments; cancellation and nonrenewal.
Section 743.420 - Reinstatement.
Section 743.423 - Notice of claim.
Section 743.435 - Payment of claims.
Section 743.444 - Change of beneficiary.
Section 743.456 - Other insurance in same insurer.
Section 743.459 - Insurance with other insurers; expense incurred benefits.
Section 743.462 - Insurance with other insurers; other than expense incurred benefits.
Section 743.465 - Relation of earnings to insurance.
Section 743.472 - Permissible reasons for cancellation or refusal to renew.
Section 743.495 - Use of terms "noncancelable" or "guaranteed renewable"; synonymous terms.
Section 743.498 - Statement in policy of cancelability or renewability.
Section 743.521 - Leased workers; offering group health insurance.
Section 743.522 - Additional groups designated by director.
Section 743.523 - Certain sales practices prohibited.
Section 743.524 - Eligibility of association to be group health policyholder; rules.
Section 743.526 - Determination of whether trustees are policyholders; consequences; rules.
Section 743.535 - Health benefit coverage for guaranteed association.
Section 743.536 - "Blanket health insurance" defined.
Section 743.550 - Student health insurance.
Section 743.551 - Student health benefit plans; rules.
Section 743.650 - Long Term Care Insurance Act; purpose; application.
Section 743.652 - Definitions for ORS 743.650 to 743.665.
Section 743.655 - Rules; disclosure; contents of policy.
Section 743.656 - Eligibility for benefits; providers required to be covered.
Section 743.658 - Notice of lapse or termination; rules.
Section 743.662 - Rescission of policy and denial of claims.
Section 743.664 - Offer of nonforfeiture benefit; rules.
Section 743.680 - Definitions for ORS 743.680 to 743.689.
Section 743.682 - Application of ORS 743.680 to 743.689.
Section 743.683 - Policy contents; standards for benefit and claims payments; rules.
Section 743.684 - Filing of policy; loss ratio standards; insurance producer compensation.
Section 743.685 - Outline of coverage; information brochure; rules.
Section 743.787 - Definitions for ORS 743.788.
Section 743.788 - Prescription drug identification card.