A group life insurance policy shall contain a provision specifying an equitable adjustment of premiums or of benefits or of both to be made in the event the age of a person insured has been misstated, such provision to contain a clear statement of the method of adjustment to be used.
ORS 743.324
Applied in 1 court decision — leading case Sanders v. Oregon Pacific States Insurance (1992)
Most recently applied in Sanders v. Oregon Pacific States Insurance (October 1992)
1967 c.359 §419
Official source: Oregon State Legislature. Reproduced from public-domain Oregon statutes; confirm against the official source for the current text. Not legal advice.