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Oregon Revised Statutes Insurance § 746.045

Current as of January 01, 2023 | Updated by Findlaw Staff

(1) No person shall personally or otherwise offer, promise, allow, give, set off, pay or receive, directly or indirectly, any rebate of or rebate of part of the premium payable on an insurance policy or the insurance producer's commission thereon, or earnings, profit, dividends or other benefit founded, arising, accruing or to accrue on or from the policy, or any other valuable consideration or inducement to or for insurance on any domestic risk, which is not specified in the policy.

(2) A premium discount or rebate is not prohibited by this section if the discount or rebate is:

(a) Offered in connection with a program of health promotion or disease prevention, as described in 42 U.S.C. 300gg-4;

(b) Paid for participation in a program to promote healthy behaviors under ORS 743.824; or

(c) Offered in connection with a wellness program defined by the Department of Consumer and Business Services by rule.

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Cite this article: FindLaw.com - Oregon Revised Statutes Insurance § 746.045 - last updated January 01, 2023 | https://codes.findlaw.com/or/title-56-insurance/or-rev-st-sect-746-045/

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