ORS 743.162 to 743.243 apply only to policies of life insurance other than group life insurance, and do not apply to annuity or pure endowment policies. Such sections apply to such policies that are policies of variable life insurance, except to the extent the provisions of such sections are obviously inapplicable to variable life insurance or are in conflict with other provisions of such sections that are expressly applicable to variable life insurance.
ORS 743.159
Applied in 2 court decisions — leading case Totten v. New York Life Insurance (1985)
Most recently applied in Morgan v. Amex Assurance Co. (November 2012)
1967 c.359 §375; 1973 c.435 §16
Official source: Oregon State Legislature. Reproduced from public-domain Oregon statutes; confirm against the official source for the current text. Not legal advice.