Oregon Code § 743.309·Enacted ·Last updated March 01, 2026
Statute Text
Nonforfeiture provisions.
If a group life insurance policy is on a plan of insurance other than the term
plan, it shall contain nonforfeiture provision or provisions which in the
opinion of the Director of the Department of Consumer and Business Services are
equitable to the insured persons and to the policyholder, but nothing in this
section shall be construed to require that group life insurance policies
contain the same nonforfeiture provisions as are required for individual life
insurance policies. [1967 c.359 §414]
Plain English Explanation
This Oregon statute addresses Nonforfeiture provisions. AI-powered analysis coming soon.
Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 743.309
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
This section of Oregon law addresses Nonforfeiture provisions. Read the full statute text above for details.
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