Organization and Corporate Procedures of Domestic Insurers

ORS 732.653
Scope

  • requirements and guidance


(1)

ORS 732.650 (Definitions) to 732.689 (Retention of consultant to assist director’s review of corporate governance annual disclosure) provide:

(a)

Requirements for maintaining a risk management framework and completing an own risk and solvency assessment; and

(b)

Guidance and instructions for filing an own risk and solvency assessment summary report with the Director of the Department of Consumer and Business Services.

(2)

ORS 732.650 (Definitions) to 732.689 (Retention of consultant to assist director’s review of corporate governance annual disclosure) apply to all insurers domiciled in this state unless an insurer is exempt under ORS 732.666 (Exemptions). [2015 c.547 §3]
Note: See note under 732.650 (Definitions).

Source

Last accessed
Jun. 26, 2021