OAR 836-060-0046
Supervision of Credit Insurance Operations


(1)

Once every rate review period established under OAR 836-060-0041 (Experience Reports)(4), each insurer transacting credit insurance in this state shall be responsible for conducting a thorough review of creditors with respect to the insurer’s credit insurance business with such creditors, to assure compliance with the Oregon Insurance Code and 836-060-0000 (Statutory Authority; Purpose; Effective Date) through 836-060-0060 (Disclosure).

(2)

The insurer shall maintain written records of these reviews for review by the Director. The records shall:

(a)

Review and report the creditor’s activities according to OAR 836-060-0011 (Rights and Treatment of Debtors)(5); and

(b)

Verify the prompt and timely payment of claims and accuracy of refunds.

Source: Rule 836-060-0046 — Supervision of Credit Insurance Operations, https://secure.­sos.­state.­or.­us/oard/view.­action?ruleNumber=836-060-0046.

Last Updated

Jun. 8, 2021

Rule 836-060-0046’s source at or​.us