Oregon Statutes 743.402 – Exceptions to individual health insurance policy requirements
ORS § 743.405 to 743.498 and 743A.160 do not apply to or affect:
Terms Used In Oregon Statutes 743.402
- Annuity: A periodic (usually annual) payment of a fixed sum of money for either the life of the recipient or for a fixed number of years. A series of payments under a contract from an insurance company, a trust company, or an individual. Annuity payments are made at regular intervals over a period of more than one full year.
(1) Any workers’ compensation insurance policy or any liability insurance policy with or without supplementary expense coverage therein;
(2) Any policy of reinsurance;
(3) Any blanket or group policy of insurance, except as expressly provided in ORS § 750.055; or
(4) Any life insurance policy, or policy supplemental thereto which contains only such provisions relating to health insurance as:
(a) Provide additional benefits in case of death or dismemberment or loss of sight by accident; or
(b) Operate to safeguard such policy against lapse, or to give a special surrender value or special benefit or an annuity in the event the insured shall become totally and permanently disabled, as defined by the policy or supplemental policy. [Formerly 741.022; 2001 c.356 § 5; 2013 c.698 § 19; 2017 c.206 § 3]