Oregon Code § 743.312·Enacted ·Last updated March 01, 2026
Statute Text
Grace
period.
A group
life insurance policy shall contain a provision that the policyholder is
entitled to a grace period of 31 days for the payment of any premium due except
the first, during which grace period the death benefit coverage shall continue
in force, unless the policyholder shall have given the insurer written notice
of discontinuance in advance of the date of discontinuance and in accordance
with the terms of the policy. The policy may provide that the policyholder
shall be liable to the insurer for the payment of a pro rata premium for the
time the policy was in force during such grace period. [1967 c.359 §415]
Plain English Explanation
This Oregon statute addresses Grace
. AI-powered analysis coming soon.
Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 743.312
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
This section of Oregon law addresses Grace
. 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 § 743.312. Use this format in legal documents and court filings.
Browse related sections using the links below, or search all Oregon statutes on FlawFinder.