Oregon Statutes 748.603 – Relationship to other insurance laws
(1) Societies are governed by this chapter and are exempt from all other provisions of the insurance laws of this state unless expressly designated therein, or unless specifically made applicable by this chapter.
Terms Used In Oregon Statutes 748.603
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Laws: means the society's articles of incorporation, constitution and bylaws, however designated. See Oregon Statutes 748.103
- Society: means fraternal benefit society, unless otherwise indicated. See Oregon Statutes 748.103
(2) ORS § 705.137, 705.139, 731.004 to 731.026, 731.036 to 731.136, 731.146 to 731.156, 731.162, 731.166, 731.170, 731.216 to 731.268, 731.296, 731.324, 731.328, 731.354, 731.356, 731.358, 731.378, 731.380, 731.381, 731.382, 731.385, 731.386, 731.390, 731.394, 731.396, 731.398, 731.402, 731.406, 731.410, 731.422 to 731.434, 731.446 to 731.454, 731.488, 731.504, 731.508, 731.509, 731.510, 731.511, 731.512, 731.592, 731.594, 731.730, 731.731, 731.735, 731.737, 731.750, 731.804, 731.844 to 731.992, 731.870, 732.245, 732.250, 732.320, 732.325, 733.010 to 733.050, 733.080, 733.140 to 733.210, 733.220, 733.510, 733.652 to 733.658, 733.730 to 733.750, 742.001, 742.003, 742.005, 742.007, 742.009, 742.013 to 742.021, 742.028, 742.038, 742.041, 742.046, 742.051, 742.150 to 742.162 and 744.700 to 744.740 and ORS chapters 734, 743, 743A and 743B apply to fraternal benefit societies to the extent not inconsistent with the express provisions of this chapter.
(3) For the purposes of this subsection and subsection (2) of this section, fraternal benefit societies shall be deemed insurers, and benefit certificates issued by fraternal benefit societies shall be deemed policies.
(4) Every society authorized to do business in this state shall be subject to the provisions of ORS Chapter 746 relating to unfair trade practices. However, nothing in ORS Chapter 746 shall be construed as applying to or affecting the right of any society to determine its eligibility requirements for membership, or be construed as applying to or affecting the offering of benefits exclusively to members or persons eligible for membership in the society by a subsidiary corporation or affiliated organization of the society. [1987 c.490 25,35,45; 1987 c.739 § 4a; 1987 c.838 § 15a; 1989 c.255 § 12; 1989 c.474 § 3; 1989 c.1022 § 10; 1991 c.182 § 17; 1991 c.401 § 32; 1991 c.673 § 7; 1991 c.812 § 23; 1993 c.447 § 117; 1995 c.30 § 12; 1995 c.638 § 8; 1999 c.633 § 6; 2001 c.377 § 19; 2003 c.802 § 177; 2007 c.71 § 243; 2008 c.22 § 4; 2013 c.698 § 32]