75th OREGON LEGISLATIVE ASSEMBLY--2009 Regular Session
 
HA to HB 3184
 
LC 2867/HB 3184-3
 
                       HOUSE AMENDMENTS TO
                         HOUSE BILL 3184
 
               By COMMITTEE ON BUSINESS AND LABOR
 
                            April 17
 
  On page 1 of the printed bill, line 2, delete 'creating new
provisions; and' and delete '743.024'.
  In line 3, delete 'and'.
  Delete lines 5 through 31 and delete page 2 and insert:
  '  { +  SECTION 1. + } ORS 743.027 is amended to read:
  ' 743.027.   { - No - }  { +  A + } life or health insurance
policy upon an individual, except a policy of group life
insurance or of group or blanket health insurance,
 { - shall - }  { +  may not + } be made or effectuated unless at
the time of the making of the policy the individual insured,
being of competent legal capacity to contract, applies therefor
or has consented thereto in writing, except in the following
cases:
  ' (1) A spouse may effectuate such insurance upon the other
spouse.
  ' (2) Any person having an insurable interest in the life of a
minor, or any person upon whom a minor is dependent for support
and maintenance, may effectuate insurance upon the life of or
pertaining to such minor.
  ' (3) Family policies may be issued insuring any two or more
members of a family on an application signed by either parent, a
stepparent, or by a husband or wife.
  ' (4) A person may effectuate insurance that provides for the
  { - final - }  { +  funeral + } expenses of an adult who is
dependent upon the person for support and maintenance.
  '  { +  (5) A person may effectuate insurance that provides for
the funeral expenses of an adult if the person:
  ' (a) Is closely related to the adult by blood or by law or has
a substantial interest in the adult engendered by love and
affection; and
  ' (b) Has a lawful and substantial interest in having the life,
health and bodily safety of the adult continue. + } ' .
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