If a policy is issued for a term longer than one year, and for additional consideration a premium is guaranteed, the insurer may not refuse to renew the policy or increase the premium for the term of that policy.

Statutory/Other Authority

ORS 731, 737 & 746

Statutes/Other Implemented

ORS 746.045, 746.055, 746.160(3) & 746.240

History

ID 21-1988, f. & cert. ef. 12-16-88
ID 8-1987, f. & cert. ef. 12-14-87
IC 4-1985, f. & ef. 9-19-85
IC 2-1985(Temp), f. 5-31-85, ef. 6-15-85