Oregon § 743.372 Applicability of credit life and credit health insurance provisions

Oregon Statutes

§ 743.372 — Applicability of credit life and credit health insurance provisions

Oregon § 743.372

Vol.18

Title 56Insurance

Ch. 743Health and Life Insurance and Annuities

This text of Oregon § 743.372 (Applicability of credit life and credit health insurance 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. § 743.372 (2026).

Text

(1)All life or health insurance in connection with loans or other credit transactions shall be subject to ORS 743.371 to 743.380, except:

(a)Insurance in connection with a loan or other credit transaction of more than 10 years’ duration; or

(b)Insurance, the issuance of which is an isolated transaction on the part of the insurer not related to an agreement or a plan for insuring debtors of the creditor.

(2)Notwithstanding subsection (1) of this section, credit life and credit health insurance may be issued for up to 10 years in connection with a loan or other credit transaction of any duration.

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(1) All life or health insurance in connection with loans or other credit transactions shall be subject to ORS 743.371 to 743.380, except:
(a) Insurance in connection with a loan or other credit transaction of more than 10 years’ duration; or
(b) Insurance, the issuance of which is an isolated transaction on the part of the insurer not related to an agreement or a plan for insuring debtors of the creditor.
(2) Notwithstanding subsection (1) of this section, credit life and credit health insurance may be issued for up to 10 years in connection with a loan or other credit transaction of any duration.