Oregon § 743.225 Prohibited provisions

Oregon Statutes

§ 743.225 — Prohibited provisions

Oregon § 743.225

Vol.18

Title 56Insurance

Ch. 743Health and Life Insurance and Annuities

This text of Oregon § 743.225 (Prohibited provisions) is published on Counsel Stack Legal Research, covering Oregon primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Or. Rev. Stat. § 743.225 (2026).

Text

A life insurance policy may not:

(1)Limit the time within which any action at law or suit in equity may be commenced to less than three years after the cause of action or suit accrues;

(2)Purport to be issued or to take effect more than six months before the original application for the insurance was made;

(3)Require forfeiture of the policy for failure to repay any loan on the policy or any interest on such loan while the total indebtedness on the policy is less than the loan value of the policy; or

(4)Exclude coverage for loss of life that results from another person’s act of terrorism.

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A life insurance policy may not:
(1) Limit the time within which any action at law or suit in equity may be commenced to less than three years after the cause of action or suit accrues;
(2) Purport to be issued or to take effect more than six months before the original application for the insurance was made;
(3) Require forfeiture of the policy for failure to repay any loan on the policy or any interest on such loan while the total indebtedness on the policy is less than the loan value of the policy; or
(4) Exclude coverage for loss of life that results from another person’s act of terrorism.