Or. Admin. Code § 836-042-0515

Current through Register Vol. 63, No. 11, November 1, 2024

Section 836-042-0515 - Commercial Liability Filings - Procedural Rules for Insurers and Rating Organizations

(1) Each filing of a commercial casualty insurance premium rate, rating plan or rating system that is certified by a member of the American Academy of Actuaries or by an executive officer of the entity making the filing as not being subject to OAR 836-042-0510(1) shall become effective on the date specified in the filing but not earlier than the date the filing is received by the Director.

(2) Each filing of commercial liability insurance rate, rating plan or rating system that does not satisfy the condition of section (1) of this rule and the requirements of OAR 836-042-0520 and each filing subject to 836-042-0510(1) must be submitted to the Director for review prior to becoming effective.

IC 4-1986(Temp), f. & ef. 4-21-86; IC 7-1986, f. 11-7-86, ef. 11-10-86; IC 1-1986, f. & ef. 1-21-87; ID 4-1988(Temp), f. & cert. ef. 2-26-88; ID 14-1988, f. & cert. ef. 8-24-88

Stat. Auth.: ORS 731 & 737

Stats. Implemented: ORS 737.207(3) & 737.320(6)