(1) The Director of the Department of Consumer and Business Services shall make or cause to be made an examination of each rating and advisory organization complying with and referred to in ORS § 737.350 or 737.510 and of each organization referred to in ORS § 737.390 as often as the director deems expedient.

Terms Used In Oregon Statutes 737.515

  • advisory organization: means every group, association or other organization of insurers, whether located within or outside this state, which assists authorized insurers which make their own filings or licensed rating organizations in rate making, by the collection and furnishing of loss or expense statistics or by the submission of recommendations, but which does not make filings under this chapter. See Oregon Statutes 737.012
  • Oath: A promise to tell the truth.

(2) The reasonable costs of any such examination shall be paid by the organization examined, upon presentation to it of a detailed account of such costs. The officers, manager, agents and employees of any such organization may be examined at any time under oath and shall exhibit all books, records, accounts, documents or agreements governing its methods of operation.

(3) All such examinations shall be conducted as provided in ORS § 731.300 to 731.316.

(4) In lieu of any such examination the director may accept the report of an examination made by the insurance supervisory official of another state, pursuant to the laws of such state. [Amended by 1967 c.359 § 329; 2011 c.45 § 1]

 

[Amended by 1967 c.359 § 330; repealed by 1969 c.690 § 29]

 

[Repealed by 1967 c.359 § 704]

 

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