75th OREGON LEGISLATIVE ASSEMBLY--2009 Regular Session
 
NOTE:  Matter within  { +  braces and plus signs + } in an
amended section is new. Matter within  { -  braces and minus
signs - } is existing law to be omitted. New sections are within
 { +  braces and plus signs + } .
 
LC 2867
 
                           A-Engrossed
 
                         House Bill 3184
                  Ordered by the House April 17
            Including House Amendments dated April 17
 
Sponsored by Representative THATCHER (at the request of Dan
  Kohler)
 
 
                             SUMMARY
 
The following summary is not prepared by the sponsors of the
measure and is not a part of the body thereof subject to
consideration by the Legislative Assembly. It is an editor's
brief statement of the essential features of the measure.
 
    { - Allows insurance policies for insured's funeral expenses
to be entered into by family members, spouses and persons
financially responsible for insured. Waives insured's consent
requirements if policy is entered into by family members and
persons financially responsible for insured. - }
   { +  Allows family members and certain other persons to
effectuate insurance that provides for funeral expenses of
adult. + }
 
                        A BILL FOR AN ACT
Relating to funeral expense insurance policies; amending ORS
  743.027.
Be It Enacted by the People of the State of Oregon:
  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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