Or. Admin. Code § 836-080-0090
Current through Register Vol. 63, No. 10, October 1, 2024
A person may not recommend to a consumer the purchase, sale or replacement of a life insurance policy, or any rider, endorsement or amendment to the policy, without reasonable grounds to believe that the recommendation or transaction is not unsuitable for the consumer based upon reasonable inquiry concerning the consumer's insurance objectives, financial situation and needs, age and other relevant information known by the person. For the purpose of this rule, when a person recommends a group life insurance policy, "consumer" refers to the intended group policyholder.
Or. Admin. Code § 836-080-0090
Stat. Auth.: ORS 731.244
Stats. Implemented: ORS 746.100, 746.110 & 746.240