Oregon Statutes 732.320 – Supporting documents for expenditures
No domestic insurer shall make any disbursement of $100 or more unless the sum is evidenced by:
Terms Used In Oregon Statutes 732.320
- Affidavit: A written statement of facts confirmed by the oath of the party making it, before a notary or officer having authority to administer oaths.
- Person: includes individuals, corporations, associations, firms, partnerships, limited liability companies and joint stock companies. See Oregon Statutes 174.100
(1) A voucher signed by or on behalf of the person receiving the money or, if a voucher cannot be obtained, by an affidavit stating the reason for not obtaining the voucher;
(2) A bill, invoice, statement or similar document commonly in business use submitted on account of goods supplied or services rendered or both;
(3) An authorization of the board of directors, or a committee thereof or officer duly delegated by the board with authority to so authorize, in regard to compensation of officers, employees and agents; or
(4) Satisfactory proof of claim, accepted and approved in the manner prescribed by the insurer, based upon provisions of a policy issued by the insurer. [Formerly 738.420]