Or. Admin. Code § 836-051-0340

Current through Register Vol. 63, No. 12, December 1, 2024

Section 836-051-0340 - Exercise of the Accelerated Benefit

(1) For conditions of eligibility resulting from accident, an accelerated benefit provision must be exercisable on or after the issue date of the accelerated benefit provision.

(2) For conditions of eligibility resulting from illness, an accelerated benefit provision must be exercisable not later than the 30th day after the issued date of the accelerated benefit provision.

(3) For the purpose of defining the qualifying event described in ORS 743.154(2)(c), an insurer shall not require a period of continuous confinement that is greater than 180 days.

Or. Admin. Code § 836-051-0340

ID 8-1992, f. 5-26-92, cert. ef. 6-1-92

Stat. Auth.: ORS 731.244 & ORS 743.154

Stats. Implemented: ORS 743.154