Oregon § 731.760 Definitions for ORS 731.760 to 731.770

Oregon Statutes

§ 731.760 — Definitions for ORS 731.760 to 731.770

Oregon § 731.760

Vol.18

Title 56Insurance

Ch. 731Administration and General Provisions

This text of Oregon § 731.760 (Definitions for ORS 731.760 to 731.770) is published on Counsel Stack Legal Research, covering Oregon primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Or. Rev. Stat. § 731.760 (2026).

Text

As used in ORS 731.760 to 731.770:

(1)“Insurance compliance audit” means a voluntary internal evaluation, review, assessment, audit or investigation that is undertaken to identify or prevent noncompliance with, or promote compliance with, laws, regulations, orders or industry or professional standards, and that is conducted by or on behalf of an insurer regulated under the Insurance Code.

(2)“Insurance compliance self-evaluative audit document” means a document prepared as a result of or in connection with an insurance compliance audit. “Insurance compliance self-evaluative audit document” includes, but is not limited to:

(a)A written response to the findings of an insurance compliance audit.

(b)Field notes and records of observations, findings, opinions, suggestions, conclusions, draf

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As used in ORS 731.760 to 731.770:
(1) “Insurance compliance audit” means a voluntary internal evaluation, review, assessment, audit or investigation that is undertaken to identify or prevent noncompliance with, or promote compliance with, laws, regulations, orders or industry or professional standards, and that is conducted by or on behalf of an insurer regulated under the Insurance Code.
(2) “Insurance compliance self-evaluative audit document” means a document prepared as a result of or in connection with an insurance compliance audit. “Insurance compliance self-evaluative audit document” includes, but is not limited to:
(a) A written response to the findings of an insurance compliance audit.
(b) Field notes and records of observations, findings, opinions, suggestions, conclusions, drafts, memoranda, drawings, photographs, exhibits, computer-generated or electronically recorded information, phone records, maps, charts, graphs and surveys, provided this supporting information is collected or developed solely for the purpose of an insurance compliance audit.
(c) An insurance compliance audit report prepared by an auditor, who may be an employee of the insurer or an independent contractor, which may include the scope of the audit, the information gained in the audit and conclusions and recommendations, with exhibits and appendices.
(d) Memoranda and documents analyzing portions or all of the insurance compliance audit report and discussing potential implementation issues.
(e) An implementation plan that addresses correcting past noncompliance, improving current compliance and preventing future noncompliance.
(f) Analytic data generated in the course of conducting the insurance compliance audit, not including any analytic data that exists independently of the audit or existed before the audit was conducted.