1. (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. (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. (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.

Statutory/Other Authority

ORS 731.244 & 743.154

Statutes/Other Implemented

ORS 743.154

History

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