{"data":{"id":"us-or/ors-743.360","jurisdiction":"us-or","citation":"ORS 743.360","heading":"Alternative group life insurance coverage.","body":"(1) Group life insurance coverage offered to a resident in this state under a group life insurance policy issued to a group other than one described in ORS 743.351 or 743.354 may be delivered if:\n      (a) The Director of the Department of Consumer and Business Services finds that:\n      (A) The issuance of the policy is in the best interest of the public;\n      (B) The issuance of the policy would result in economies of acquisition or administration; and\n      (C) The benefits are reasonable in relation to the premiums charged;\n      (b) The premium for the policy is paid either from funds of a policyholder, from funds contributed by a covered person or from both; and\n      (c) An insurer has the discretion to exclude or limit coverage for a voluntary plan on any person for whom evidence of individual insurability is not satisfactory to the insurer.\n      (2) The requirements of ORS 743.303 do not apply to a policy authorized under subsection (1) of this section.","path":["18 - Financial Institutions, Insurance","56. Insurance","Chapter 743 — Health and Life Insurance and Annuities"],"source_url":"https://www.oregonlegislature.gov/bills_laws/ors/ors743.html","current_through":"2025 Edition","vintage":"","retrieved_at":"2026-09-03T23:50:17Z","sha256":"c2723ef619fbf8bb1f1da3daa76432bf80b2a09ab4ea157e9e92c1ab6300ec13","source_id":"us-or","stale":false,"prev":"us-or/ors-743.358","next":"us-or/ors-743.362"},"notice":"GroundRules: Original legal text. Not legal advice."}