OAR 836-011-0250
Authority; Purpose; Scope
(1)
OAR 836-011-0250 (Authority; Purpose; Scope) to 836-011-0260 (Distribution of Annual Financial Statement) are adopted by the Director of the Department of Consumer and Business Services pursuant to ORS 731.244 (Rules). The purpose of OAR 836-011-0250 (Authority; Purpose; Scope) to 836-011-0260 (Distribution of Annual Financial Statement) is to improve the Director’s ability to determine whether a self-insurance program satisfies the financial requirements of ORS 30.282 (Local public body insurance) and 731.036 (Persons completely exempt from application of Insurance Code) to be exempt from the Insurance Code and to clarify the components of the annual financial statement required under ORS 30.282 (Local public body insurance) and 731.036 (Persons completely exempt from application of Insurance Code), including the timeline for providing the annual financial statement to the program participants and to the director.(2)
OAR 836-011-0250 (Authority; Purpose; Scope) to 836-011-0260 (Distribution of Annual Financial Statement) apply to every public body that establishes a self-insurance program that is exempt from the Insurance Code under ORS 30.282 (Local public body insurance) and 731.036 (Persons completely exempt from application of Insurance Code).(3)
OAR 836-011-0250 (Authority; Purpose; Scope) to 836-011-0260 (Distribution of Annual Financial Statement) do not limit the Director’s authority to order, conduct or perform examinations of self insurance programs to determine whether the program complies with applicable criteria for exemption from the Insurance Code.
Source:
Rule 836-011-0250 — Authority; Purpose; Scope, https://secure.sos.state.or.us/oard/view.action?ruleNumber=836-011-0250
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