ORS 737.360
Rating organization to accept insurers as subscribers

  • rules of organization to be reasonable
  • review of applications for subscribership and of reasonableness of rules

(1)

Subject to rules and regulations which have been approved by the Director of the Department of Consumer and Business Services as reasonable, each rating organization shall permit any insurer, not a member, to be a subscriber to its rating services for any class of insurance, subdivision or class of risk or a part or combination thereof for which it is authorized to act as a rating organization. Notice of proposed changes in such rules and regulations shall be given to subscribers.

(2)

Each rating organization shall furnish its rating services without discrimination to its members and subscribers. Any rating organization may subscribe to or purchase actuarial, technical or other services, and such services shall be available to all members and subscribers without discrimination.

(3)

The reasonableness of any rule or regulation in its application to subscribers, or the refusal of any rating organization to admit an insurer as a subscriber, at the request of any subscriber or any such insurer, shall be reviewed by the director at a hearing held at a place designated by the director and upon at least 10 days’ written notice to such rating organization and to such subscriber or insurer. If the director finds that such rule or regulation is unreasonable in its application to subscribers, the director shall order that such rule or regulation shall not be applicable to subscribers. If the rating organization fails to grant or reject an insurer’s application for subscribership within 30 days after it was made, the insurer may request a review by the director as if the application had been rejected. If the director finds that the insurer has been refused admittance to the rating organization as a subscriber without justification, the director shall order the rating organization to admit the insurer as a subscriber. If the director finds that the action of the rating organization was justified, the director shall make an order affirming its action.

(4)

No rating organization shall adopt any rule, the effect of which would be to prohibit or regulate the payment of dividends, savings or unabsorbed premium deposits allowed or returned by insurers to their policyholders, members or subscribers. [Amended by 1967 c.359 §320]

Source: Section 737.360 — Rating organization to accept insurers as subscribers; rules of organization to be reasonable; review of applications for subscribership and of reasonableness of rules, https://www.­oregonlegislature.­gov/bills_laws/ors/ors737.­html.

737.007
“Rating organization” defined 737.012
“Advisory organization” defined 737.017
“Member,” “subscriber” defined 737.025
Purpose, intent of chapter 737.035
Application of chapter 737.045
Remedies of director for violations of chapter 737.205
Filing rates, plans with director 737.207
Commercial liability insurance rate filings 737.209
Hearing on rate filings under ORS 737.207 737.215
Effect of noncompliance with rating regulation 737.225
Records requirements 737.230
Data must include certain information 737.235
Examining rating systems of insurers 737.245
Collusive ratings prohibited 737.255
Authority for cooperative ratings and systems 737.265
Unauthorized adherence to rates, rating systems 737.270
Determination of workers’ compensation premiums for worker leasing company 737.275
Preparation of rates, rating systems and other administrative matters by insurers under common ownership 737.310
Method of rate making 737.312
Agreements among insurers for assignment of risks 737.316
Combining employers for workers’ compensation insurance 737.318
Premium audit program for workers’ compensation insurance 737.320
Review of certain filings 737.322
Rating plan approval 737.325
Suspension or modification of filing requirement 737.330
Contracts to comply with effective filings 737.336
Disapproval of filings by director 737.340
Initiation of proceedings by aggrieved person to determine lawfulness of filings 737.342
Hearing and order procedure 737.350
Application for license by rating organization 737.355
Licensing rating organizations generally 737.360
Rating organization to accept insurers as subscribers 737.365
Cooperative activities among rating organizations and insurers 737.390
Regulation of joint underwriting and joint reinsurance 737.505
Insured entitled to rate information 737.510
Advisory organizations 737.515
Examination of rating, advisory and other organizations 737.526
Interchange of data 737.535
Withholding or giving false information prohibited 737.545
Procedure for suspension of rating organization license 737.560
Rating organization membership 737.600
Fictitious grouping for rate purposes prohibited 737.602
Authorization for insurance for certain projects 737.604
Rules
Green check means up to date. Up to date

Current through early 2024

§ 737.360’s source at oregon​.gov