(2) The written proposal shall be dated and signed by the insurance producer, or by the insurer if no insurance producer is involved, and left with the prospect. The written proposal shall be on a form which has been filed with the Director of the Department of Consumer and Business Services. If a sale is made of both life insurance and securities, a duplicate copy of the written proposal left with the buyer shall be retained by the insurer for a period of not less than three years.
(3) Each such proposal shall:
(a) State the name of the insurer in which the life insurance is to be written;
(b) State that the prospect has the right to purchase the life insurance only, the securities only or both the life insurance and the securities;
(c) Contain no misrepresentations or false, deceptive or misleading words, figures or statements;
(d) State all material facts without which the proposal would have the capacity or tendency to mislead or deceive; and
(e) Set forth all matters pertaining to life insurance, including premium charges, separately from matters not pertaining to life insurance.
(4) This section shall not be construed to affect the application of any other provision of law concerning or regulating securities. [Formerly 739.562; 2003 c.364 §139]
Structure 2021 Oregon Revised Statutes
Volume : 18 - Financial Institutions, Insurance
Section 746.005 - Trade practices exempted from prohibitions.
Section 746.015 - Discrimination; noncompliance; hearing.
Section 746.021 - Discrimination under health benefit plans.
Section 746.045 - Prohibition on rebates; exceptions; rules.
Section 746.065 - Personal or controlled insurance.
Section 746.075 - Misrepresentation generally.
Section 746.115 - Advertisements in languages other than English.
Section 746.125 - Limitation on coverage of eye care services.
Section 746.135 - Genetic tests and information; rules.
Section 746.147 - Workers’ compensation insurance; quoting premiums.
Section 746.160 - Practices injurious to free competition.
Section 746.213 - Definitions for ORS 746.213 to 746.219.
Section 746.217 - Disclosures to customers.
Section 746.219 - Investigatory powers.
Section 746.230 - Unfair claim settlement practices.
Section 746.260 - Driving record not to be considered in issuance of motor vehicle insurance.
Section 746.265 - Purposes for which abstract of nonemployment driving record may be considered.
Section 746.275 - Definitions for ORS 746.275 to 746.300.
Section 746.285 - Notice of prohibition in motor vehicle repair shops; size; location.
Section 746.287 - Insurer requirement of installation of aftermarket crash part in vehicle.
Section 746.289 - Insurer offer of crash part warranty.
Section 746.290 - Notice of prohibition in policies and by adjusters.
Section 746.292 - Motor vehicle repair shops; invoices; estimates; warranties; prohibited practices.
Section 746.300 - Liability of insurers and motor vehicle repair shops for damages; attorney fees.
Section 746.308 - Violation of provisions regarding totaled vehicles as violation of Insurance Code.
Section 746.360 - Exceptions to application of unauthorized insurer service of process law.
Section 746.405 - Definitions for ORS 746.405 to 746.530.
Section 746.425 - Applicability of ORS 746.405 to 746.530.
Section 746.465 - Records required of premium finance companies; form; inspection.
Section 746.475 - Premium finance agreements; contents; form; delivery; notice to insurer.
Section 746.495 - Delinquency charges regulated.
Section 746.515 - Return of unearned premiums on cancellation.
Section 746.600 - Definitions for ORS 746.600 to 746.690.
Section 746.606 - Information privacy standards for health insurers.
Section 746.607 - Use and disclosure of personal information.
Section 746.610 - Application of ORS 746.600 to 746.690.
Section 746.611 - Personal representative of deceased person.
Section 746.620 - Notice of insurance information practices; exceptions; rules.
Section 746.630 - Authorization for disclosure of certain information; forms; revocation.
Section 746.632 - Genetic information used for treatment; authorization; disclosure.
Section 746.635 - Investigative consumer reports.
Section 746.640 - Access to recorded personal information.
Section 746.645 - Correction, amendment or deletion of recorded personal information.
Section 746.650 - Reasons for adverse underwriting decisions.
Section 746.660 - Basing adverse underwriting decision on previous adverse decision.
Section 746.661 - Use of credit history or insurance score.
Section 746.662 - Filing of insurance scoring models.
Section 746.665 - Limitations and conditions on disclosure of certain information.
Section 746.670 - Investigatory powers.
Section 746.687 - Cancellation of homeowner insurance policy.
Section 746.688 - Use of loss history reports; notice to consumer.