Or. Admin. R. 836-014-0015

Current through Register Vol. 63, No. 8, August 1, 2024

Section 836-014-0015 - Annual Financial Statement

A legal expense organization shall file with the Director an annual financial statement, using the form prescribed by the Director, not later than March 1 following the calendar year to which the statement applies. The statement shall be:

(1) Provided on a statutory accounting basis pursuant to the provisions of ORS chapter 733 applicable to organizations under ORS 750.705.

(2) Verified as to the financial condition of the legal expense organization as of the end of the preceding calendar year:

(a) If the organization is a corporation, by two executive officers;

(b) If the organization is a partnership, by two partners;

(c) If the organization is a sole proprietorship, by the individual proprietor;

(d) If the organization is an association, by two executive officers;

(e) If the organization is an entity other than one to which subsection (a), (b), (c) or (d) of this section applies, by two executive officers.

Or. Admin. R. 836-014-0015

ID 4-1990, f. & cert. ef. 1-24-90; ID 19-2006, f. & cert. ef. 9-26-06

Forms referenced are available from the agency.

Stat. Auth.: ORS 731 & 750

Stats. Implemented: ORS 750.645(1)(a)