# ORS § 746.005: 746.005 Trade practices exempted from prohibitions > Oregon · Statutes · In force URL: https://www.frixlaw.com/law-library/statutes/STATE_OR_T56_C746_S746.005 ## Section - **Citation:** ORS § 746.005 - **Heading:** 746.005 Trade practices exempted from prohibitions - **Jurisdiction:** Oregon - **Kind:** Statutes - **Status:** In force - **Text as of:** August 14, 2026 - **Source:** Compiled text - **Location:** OR Code / Title 56 / Chapter 746 / Section 746.005 ## Text Nothing in this chapter shall apply to wet marine and transportation insurance or prohibit any of the following practices: (1) In the case of life insurance policies, paying bonuses to policyholders or otherwise abating their premiums in whole or in part out of surplus accumulated from nonparticipating insurance, provided that any such bonuses or abatement of premiums shall be fair and equitable to policyholders and for the best interests of the insurer and its policyholders; (2) In the case of industrial life insurance policies, making allowance to policyholders who have continuously for a specified period made premium payments directly to an office of the insurer, in an amount which fairly represents the saving in collection expense; (3) Readjustment of the rate of premium for a group life or health insurance policy based on the loss or expense experience thereunder, at the end of the first or any subsequent policy year, which may be made retroactive only for such policy year; (4) Extension of credit for payment of premiums without any service charge or interest by the insurer or insurance producer for a period of not more than 90 days after the end of the month in which the policy becomes effective; (5) Practices authorized pursuant to ORS 733.220 (Establishment and regulation of separate accounts to fund life insurance or annuities) and 733.230 (Transactions of separate accounts registered with Securities and Exchange Commission) ; (6) The issuing of life or health insurance policies on a salary savings, bank draft, preauthorized check or payroll deduction plan or similar plan at a reduced rate reasonably related to the savings made by use of such plan; or (7) The issuing of life or health insurance policies at rates less than the usual premium rates for such policies, or using modifications of premium rates based on amount of insurance, if such issuance or modification does not result in reduction in premium rates in excess of savings in administration and issuance expenses reasonably attributable to such policies. [Formerly 736.825; 1983 c.740 §254; 2003 c.364 §133] Source: Section 746.005 — Trade practices exempted from prohibitions , https://www.­oregonlegislature.­gov/bills_laws/ors/ors746.­html (accessed May 26, 2025). ## Nearby sections - [ORS § 746.005 746.005 Trade practices exempted from prohibitions](https://www.frixlaw.com/law-library/statutes/STATE_OR_T56_C746_S746.005.md) - [ORS § 746.015 746.015 Discrimination](https://www.frixlaw.com/law-library/statutes/STATE_OR_T56_C746_S746.015.md) - [ORS § 746.018 746.018 Discrimination in issuance of burglary, theft, robbery or casualty policies prohibited](https://www.frixlaw.com/law-library/statutes/STATE_OR_T56_C746_S746.018.md) - [ORS § 746.021 746.021 Discrimination under health benefit plans](https://www.frixlaw.com/law-library/statutes/STATE_OR_T56_C746_S746.021.md) - [ORS § 746.023 746.023 Discrimination against living donors or body part donors with respect to life insurance, health insurance or long term care insurance](https://www.frixlaw.com/law-library/statutes/STATE_OR_T56_C746_S746.023.md) - [ORS § 746.025 746.025 Securities or other contracts as inducement to insurance](https://www.frixlaw.com/law-library/statutes/STATE_OR_T56_C746_S746.025.md) - [ORS § 746.035 746.035 Inducements not specified in policy](https://www.frixlaw.com/law-library/statutes/STATE_OR_T56_C746_S746.035.md) - [ORS § 746.045 746.045 Prohibition on rebates](https://www.frixlaw.com/law-library/statutes/STATE_OR_T56_C746_S746.045.md) - [ORS § 746.055 746.055 Title insurance commissions, rebates and discounts](https://www.frixlaw.com/law-library/statutes/STATE_OR_T56_C746_S746.055.md) - [ORS § 746.065 746.065 Personal or controlled insurance](https://www.frixlaw.com/law-library/statutes/STATE_OR_T56_C746_S746.065.md) - [ORS § 746.075 746.075 Misrepresentation generally](https://www.frixlaw.com/law-library/statutes/STATE_OR_T56_C746_S746.075.md) - [ORS § 746.085 746.085 Regulating replacement of life insurance](https://www.frixlaw.com/law-library/statutes/STATE_OR_T56_C746_S746.085.md) - [ORS § 746.100 746.100 Misrepresentation in insurance applications or transactions](https://www.frixlaw.com/law-library/statutes/STATE_OR_T56_C746_S746.100.md) - [ORS § 746.110 746.110 False, deceptive or misleading statements](https://www.frixlaw.com/law-library/statutes/STATE_OR_T56_C746_S746.110.md) --- Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_OR_T56_C746_S746.005. 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