Oregon Statutes 731.028 – Applicability of certain Insurance Code provisions to State Accident Insurance Fund Corporation
(1) The State Accident Insurance Fund Corporation is subject as a domestic insurer to ORS § 731.248, 731.252, 731.256, 731.258, 731.260, 731.296 to 731.316, 731.488, 731.574, 731.592, 731.594, 731.730, 731.731, 731.735, 731.737, 731.870, 731.988, 731.992, 733.010 to 733.060, 733.140 to 733.170, 733.210, 737.205, 737.215, 737.225, 737.235 to 737.340, 737.505 and 737.560, ORS chapters 742, 743, 743A, 743B and 744 and ORS § 746.015, 746.075, 746.110, 746.145 to 746.155, 746.230 and 746.240. However:
Terms Used In Oregon Statutes 731.028
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
(a) The requirements of the Director of the Department of Consumer and Business Services under ORS § 733.010 to 733.060, 733.140 to 733.170 and 733.210 govern in the case of a conflict between those requirements and the requirements of any accounting system prescribed by the Oregon Department of Administrative Services.
(b) The filing requirements of ORS § 737.205 to 737.340, 737.505 and 737.560 are in lieu of any similar filing requirements prescribed by any other law of this state.
(c) The requirements of ORS chapters 743, 743A and 743B are applicable only with respect to excess workers’ compensation insurance furnished by the corporation.
(d) The provisions of ORS Chapter 744 apply only with respect to the regulation of insurance producers.
(e) For each year that the Secretary of State conducts an audit of the State Accident Insurance Fund Corporation under ORS § 297.210, the director may accept the audit and a copy of the Secretary of State’s audit report in lieu of the requirements of ORS § 731.488 if the director determines that the purposes of ORS § 731.488 are adequately served by the Secretary of State’s audit and report. The Secretary of State shall file a copy of its audit report of the State Accident Insurance Fund Corporation with the director.
(2) The provisions of subsection (1) of this section govern in the case of a conflict between those provisions and the provisions of ORS Chapter 656 that apply only to the State Accident Insurance Fund Corporation. [1971 c.385 § 2; 1977 c.405 § 5; 1979 c.815 § 7; 1979 c.829 § 7; 1987 c.884 § 4; 1989 c.701 § 69; 1991 c.340 § 1; 1991 c.401 § 31; 1993 c.447 § 116; 1995 c.79 § 356; 1999 c.633 § 5; 2003 c.364 § 63; 2003 c.689 § 1; 2008 c.22 § 3]
[Repealed by 1965 c.241 § 3]
[1967 c.359 § 7; 1971 c.69 § 1; 1971 c.538 § 1; 1979 c.848 § 1; 1993 c.265 § 3; repealed by 2003 c.802 § 173]