# Oregon — Life insurance premium grace periods and lapse protections by US state

For Oregon, minimum grace period is a grace period of 30 days, or, at the option of the insurer, of one month of not less than 30 days, or of four weeks in the case of industrial life insurance policies the premiums for which are payable more frequently than monthly; policies covered is A life insurance policy shall contain the provision; four weeks applies in the case of industrial life insurance policies the premiums for which are payable more frequently than monthly. Separately, ORS 743.312 requires a group life insurance policy to contain a provision that the policyholder is entitled to a grace period of 31 days for the payment of any premium due except the first; notice / additional protections is The insurer may impose an interest charge not in excess of six percent per annum for the number of days of grace elapsing before the payment of the premium. If a claim arises under the policy during such period of grace the amount of any premium due or overdue, together with interest and any deferred installment of the annual premium, may be deducted from the policy proceeds. The fetched section states no notice-before-lapse, designated-third-party, or senior-specific protections; statute citation is ORS 743.165, recorded from its source on 2026-08-17.

- **State:** Oregon _(our reading, not quoted from the source)_
- **Minimum grace period:** a grace period of 30 days, or, at the option of the insurer, of one month of not less than 30 days, or of four weeks in the case of industrial life insurance policies the premiums for which are payable more frequently than monthly _(verified: appears in the quote below)_
- **Policies covered:** A life insurance policy shall contain the provision; four weeks applies in the case of industrial life insurance policies the premiums for which are payable more frequently than monthly. Separately, ORS 743.312 requires a group life insurance policy to contain a provision that the policyholder is entitled to a grace period of 31 days for the payment of any premium due except the first. _(verified: appears in the quote below)_
- **Notice / additional protections:** The insurer may impose an interest charge not in excess of six percent per annum for the number of days of grace elapsing before the payment of the premium. If a claim arises under the policy during such period of grace the amount of any premium due or overdue, together with interest and any deferred installment of the annual premium, may be deducted from the policy proceeds. The fetched section states no notice-before-lapse, designated-third-party, or senior-specific protections.
- **Statute citation:** ORS 743.165 _(our reading, not quoted from the source)_

## What the source says

> insurance policy shall contain a provision that a grace period of 30 days, or, at the option of the insurer, of one month of not less than 30 days, or of four weeks in the case of industrial life insurance policies the premiums for which are payable more frequently than monthly, shall be allowed within which the payment of any premium after the first may be made, during which period of grace the policy shall continue in full force.

## Source

- https://www.oregonlegislature.gov/bills_laws/ors/ors743.html

Last verified: 2026-08-17. Review by: 2027-08-17.
Part of [Life insurance premium grace periods and lapse protections by US state](https://referencesource.org/life-insurance-grace-periods-by-state/).