Oregon Statutes 737.604 – Rules
In addition to other rulemaking authority of the Director of the Department of Consumer and Business Services, the director may make rules:
Terms Used In Oregon Statutes 737.604
- Contract: A legal written agreement that becomes binding when signed.
- public body: means state government bodies, local government bodies and special government bodies. See Oregon Statutes 174.109
(1) Stating the necessary attributes that a construction project of a project sponsor and the participants in the project must have in order to qualify for the grouping permitted under ORS § 737.602. The rules may include but are not limited to matters regarding an appropriate trust agreement for special deposit and adjustment of the construction project value according to an appropriate cost index; and
(2) Establishing a process for a state agency or local contract review board created under ORS § 279A.060 to evaluate the purchase by a public body of insurance authorized by ORS § 737.602, or any agreements related thereto. [1995 c.169 § 3; 2003 c.794 § 327]
737.604 was added to and made a part of the Insurance Code by legislative action but was not added to ORS Chapter 737 or any series therein. See Preface to Oregon Revised Statutes for further explanation.