Oregon Revised Statutes Chapter 746

What this document is

Oregon Revised Statutes Chapter 746 - Trade Practices (whole chapter, 746.005-746.991) is a state statute published by Oregon Legislative Assembly, oregonlegislature.gov. It is one of the Oregon documents that insurance license exam questions are written from, including oregon life & health, oregon property & casualty, oregon personal lines 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 § 746.015(5) (Discrimination; Noncompliance; Hearing)

  “If the Director of the Department of Consumer and Business Services has reason to believe that an insurer in the application of its underwriting standards or rates is not complying with the requirements of this section, the director shall, unless the director has reason to believe the noncompliance...”

• ORS § 746.021 (Discrimination Under Health Benefit Plans)

  “Except as otherwise provided for in the Insurance Code, an individual may not, on the basis of actual or perceived race, color, national origin, sex, sexual orientation, gender identity, age or disability, be excluded from participation in, be denied the benefits of or otherwise be subjected to...”

• ORS § 746.120 (Illegal Dealing in Premiums)

  “No person shall willfully collect any sum as premium or charge for insurance which is not then provided, or is not in due course to be provided subject to acceptance of the risk by the insurer, under an insurance policy issued by an insurer in conformity to the Insurance Code.”

• ORS § 746.005(2) (Industrial Life Collection Expense Allowance)

  “In the case of industrial life insurance policies, making allowance to policyholders who have continuously for a specified period made premium payments directly to an office of the insurer, in an amount which fairly represents the saving in collection expense;”

• ORS § 746.130 (Insurance Connected to Sale or Rental of Property)

  “No insurer shall participate in any plan to offer or effect in this state, as an inducement to the purchase or rental by the public of any property or services, any insurance for which there is no separate charge to the insured. No person shall arrange the sale of any such insurance. (2) Subsection...”

• ORS § 746.023 (Discrimination Against Living Donors or Body Part Donors)

  “An insurer offering a policy or certificate of life insurance, health insurance or long term care insurance, as defined in ORS 743.652, may not, based solely on the status of an applicant for insurance or an insured as a living donor or a potential donor of a body part, organ or tissue: (1)...”

• ORS § 746.075(1) (Misrepresentation Generally, Scope)

  “A person may not engage, directly or indirectly, in any action described in subsection (2) of this section in connection with: (a) The offer or sale of any insurance; or (b) Any inducement or attempted inducement of any insured or person with ownership rights under an issued life insurance policy...”

• ORS § 746.065(2) (Personal or Controlled Insurance)

  “If premiums on personal or controlled insurance transacted by an insurance producer payable in one calendar year exceed the premiums or with respect to life and health insurance twice the premiums, on other insurance transacted by the insurance producer payable in the same year, the receipt of...”

• ORS § 746.045(2) (Prohibition on Rebates; Exceptions; Rules)

  “A premium discount or rebate is not prohibited by this section if the discount or rebate is: (a) Offered in connection with a program of health promotion or disease prevention, as described in 42 U.S.C. 300gg-4; (b) Paid for participation in a program to promote healthy behaviors under ORS 743.824;...”

• ORS § 746.085 (Regulating Replacement of Life Insurance; Producer Compensation)

  “In addition to all other powers of the Director of the Department of Consumer and Business Services with respect thereto, the director may issue rules: (1) Requiring persons who replace, or offer or propose to replace, existing life insurance, to leave with the policyholder written, signed and...”

• ORS § 746.025 (Securities or Other Contracts as Inducement to Insurance)

  “No person shall sell, agree or offer to sell, or give or offer to give, directly or indirectly in any manner whatsoever, shares of stock, securities, bonds, special or advisory board contracts or agreements of any form or nature promising returns and profits as an inducement to insurance.”

• ORS § 746.230(1) (Unfair Claim Settlement Practices)

  “An insurer or other person may not commit or perform any of the following unfair claim settlement practices: (a) Misrepresenting facts or policy provisions in settling claims; (b) Failing to acknowledge and act promptly upon communications relating to claims; (c) Failing to adopt and implement...”

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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, first half (74 sections, 743.004-743.268)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