Or. Admin. R. 836-060-0046
Current through Register Vol. 63, No. 8, August 1, 2024
Section 836-060-0046 - Supervision of Credit Insurance Operations(1) Once every rate review period established under OAR 836-060-0041(4), each insurer transacting credit insurance in this state shall be responsible for conducting a thorough review of creditors with respect to the insurer's credit insurance business with such creditors, to assure compliance with the Oregon Insurance Code and 836-060-0000 through 836-060-0060.(2) The insurer shall maintain written records of these reviews for review by the Director. The records shall: (a) Review and report the creditor's activities according to OAR 836-060-0011(5); and(b) Verify the prompt and timely payment of claims and accuracy of refunds.Or. Admin. R. 836-060-0046
IC 7-1982, f. 2-12-82, ef. 6-1-82; Repealed by IC 13-1982, f. 11-30-82, ef. 12-1-82; IC 1-1983, f. 1-28-83, ef. 2-1-83; ID 24-1990, f. 12-28-90, cert. ef. 1-1-91; ID 12-2000, f. 11-14-00, cert. ef. 1-1-01Stat. Auth.: ORS 731.244
Stats. Implemented: ORS 743.377, 743.378, 743.380 & 746.160