OAR 836-080-0105
Statutory Authority; Purpose; Effective Date
(1)
OAR 836-080-0105 (Statutory Authority; Purpose; Effective Date) to 836-080-0155 (False or Deceptive Publications by Insurer Prohibited) are adopted pursuant to the general rulemaking authority of the Commissioner in ORS 731.244 (Rules) to aid in the effectuation of ORS Chapter 746 (Trade Practices), especially the enforcement of 746.015 (Discrimination), 746.075 (Misrepresentation generally), 746.160 (Practices injurious to free competition)(3), and 746.240 (Undefined trade practices injurious to public prohibited), as well as the effectuation and enforcement of 737.205 (Filing rates, plans with director) to 737.348, 742.003 (Filing and approval of policy forms), 742.005 (Grounds for disapproval of policy forms), 742.009 (Regulation of sales material) and other related provisions of the Oregon Insurance Code.(2)
The purpose of OAR 836-080-0105 (Statutory Authority; Purpose; Effective Date) to 836-080-0155 (False or Deceptive Publications by Insurer Prohibited) is to regulate the content and use of participation provisions in commercial lines of property and casualty insurance policies so as to prevent misrepresentations and other unfair practices relating to future dividends, to prevent unfair and coercive practices in the allocation and payment of dividends, and to effectuate the statutes governing ratemaking, classification of risks, and approval of policy forms, with respect to commercial lines of property and casualty insurance issued on the participating basis.
Source:
Rule 836-080-0105 — Statutory Authority; Purpose; Effective Date, https://secure.sos.state.or.us/oard/view.action?ruleNumber=836-080-0105
.