State statute · Oregon
Health and Life Insurance, first half
Oregon Revised Statutes Chapter 743, 74 sections, 743.004-743.268
Edition and licensing notes
Publisher. Oregon Legislative Assembly, oregonlegislature.gov (retrieved via an Internet Archive snapshot of the official site)
Edition. Oregon Revised Statutes, current chapter text served by oregonlegislature.gov and re-fetched live 2026-09-11; the ORS index at oregonlegislature.gov identifies the 2025 Edition as current (the chapter pages themselves carry no edition marker)
Status. US state statute; public domain.
What this document is
Oregon Revised Statutes Chapter 743 - Health and Life Insurance, first half (74 sections, 743.004-743.268) is a state statute published by Oregon Legislative Assembly, oregonlegislature.gov (retrieved via an Internet Archive snapshot of the official site). It is one of the Oregon documents that insurance license exam questions are written from, including oregon life & health practice questions. This page summarizes it and points to the official version, which is the text to rely on.
Sections cited in practice questions
Each practice answer shows the exact passage it comes from. These are sections of this document that questions cite, with a short excerpt from the source text.
- ORS Chapter 743 § 743.015(2) (Credit Life and Credit Health Insurance Rate Schedules)
“An insurer may revise the schedules of premium rates from time to time and shall file the revised schedules with the director. An insurer may not issue any credit life or credit health insurance policy for which the premium rate exceeds that determined by the schedules of the insurer as then on file with the director.”
- ORS Chapter 743 § 743.109 (Approval of certain policy forms containing specified provisions)
“A policy form meeting the requirements of ORS 743.106 shall not be disapproved because of other provisions of the Insurance Code that specify the content of policies, if the policy form provides the policyholders and claimants protection not less favorable than they would be entitled to under such provisions.”
- ORS Chapter 743 § 743.010(1) (Health Insurance Policy and Health Benefit Plan Forms)
“the director may issue rules with respect to policy forms and health benefit plan forms described in ORS 742.005 (6)(a) and (b): (a) Establishing minimum benefit standards; (b) Requiring the ratio of benefits to premiums to be not less than a specified percentage in order to be considered...”
- ORS Chapter 743 § 743.018(1) (Filing of Rates for Life and Health Insurance)
“Except for group life and health insurance, and except as provided in ORS 743.015, every insurer shall file with the Director of the Department of Consumer and Business Services all schedules and tables of premium rates for life and health insurance to be used on risks in this state, and shall file...”
- ORS Chapter 743 § 743.104 (Scope of ORS 743.100 to 743.109; non-English policies)
“A non-English language policy will be deemed to comply with ORS 743.106 if the insurer certifies that the policy is translated from an English language policy that complies with ORS 743.106.”
- ORS Chapter 743 § 743.106 (Reading ease standards for life and health insurance policies; certification of filing)
“Each policy filing shall be accompanied by a certificate signed by an officer of the insurer stating that the policy meets the minimum required reading ease score on the test used, or stating that the score is lower than the minimum required but should be authorized in accordance with ORS 743.107....”
- Or. Rev. Stat. § 743.171(1) (Incontestability and limitation of liability after reinstatement)
“A reinstated policy of life insurance may be contested on account of fraud or misrepresentation of facts material to the reinstatement only for the same period following reinstatement, and with the same conditions and exceptions, as the policy provides with respect to contestability after original issuance.”
- Or. Rev. Stat. § 743.165 (Grace period)
“The insurer may impose an interest charge not in excess of six percent per annum for the number of days of grace elapsing before the payment of the premium. If a claim arises under the policy during such period of grace the amount of any premium due or overdue, together with interest and any...”
- Or. Rev. Stat. § 743.168(2) (Incontestability, scope of clause)
“A provision in a life insurance policy providing that such policy shall be incontestable after a specified period shall preclude only a contest of the validity of the policy, and shall not preclude the assertion at any time of defenses based upon provisions in the policy which exclude or restrict...”
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Questions about this source
More Oregon sources
- ORS Chapter 746 - Trade Practices (selected Secs. 746.005-746.240)State statute
- Oregon Revised Statutes Chapter 742 - Insurance Policies Generally (152 sections, 742.001-742.710)State statute
- Oregon Revised Statutes Chapter 743 - Health and Life Insurance, second half (116 sections, 743.269-743.826)State statute
- Oregon Revised Statutes Chapter 743A - Health Insurance Mandated Benefits (whole chapter, 743A.001-743A.335)State statute
- Oregon Revised Statutes Chapter 743B - Health Benefit Plans, first half (47 sections, 743B.001-743B.287)State statute
- Oregon Revised Statutes Chapter 743B - Health Benefit Plans, second half (50 sections, 743B.288-743B.810)State statute
- Oregon Revised Statutes Chapter 744 - Insurance Producers and Life Settlements, first half (60 sections, 744.052-744.367)State statute
- Oregon Revised Statutes Chapter 744 - Insurance Producers and Life Settlements, second half (86 sections, 744.369-744.994)State statute