Oregon Code § 743.225·Enacted ·Last updated March 01, 2026
Statute Text
Prohibited provisions.
A life insurance policy may not:
(1) Limit the
time within which any action at law or suit in equity may be commenced to less
than three years after the cause of action or suit accrues;
(2) Purport to be
issued or to take effect more than six months before the original application
for the insurance was made;
(3) Require
forfeiture of the policy for failure to repay any loan on the policy or any
interest on such loan while the total indebtedness on the policy is less than
the loan value of the policy; or
(4) Exclude
coverage for loss of life that results from another persons act of terrorism. [Formerly
739.315; 2021 c.72 §1]
Plain English Explanation
This Oregon statute addresses Prohibited provisions. AI-powered analysis coming soon.
Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 743.225
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
This section of Oregon law addresses Prohibited provisions. Read the full statute text above for details.
This page reflects the current text as of our last update. Always verify with the official Oregon legislature website for the most current version.
The formal citation is Oregon Code § 743.225. Use this format in legal documents and court filings.
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