Oregon § 732.320 Supporting documents for expenditures

Oregon Statutes

§ 732.320 — Supporting documents for expenditures

Oregon § 732.320

Vol.18

Title 56Insurance

Ch. 732Organization and Corporate Procedures of Domestic Insurers; Regulation of

This text of Oregon § 732.320 (Supporting documents for expenditures) 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. § 732.320 (2026).

Text

No domestic insurer shall make any disbursement of $100 or more unless the sum is evidenced by:

(1)A voucher signed by or on behalf of the person receiving the money or, if a voucher cannot be obtained, by an affidavit stating the reason for not obtaining the voucher;

(2)A bill, invoice, statement or similar document commonly in business use submitted on account of goods supplied or services rendered or both;

(3)An authorization of the board of directors, or a committee thereof or officer duly delegated by the board with authority to so authorize, in regard to compensation of officers, employees and agents; or

(4)Satisfactory proof of claim, accepted and approved in the manner prescribed by the insurer, based upon provisions of a policy issued by the insurer.

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No domestic insurer shall make any disbursement of $100 or more unless the sum is evidenced by:
(1) A voucher signed by or on behalf of the person receiving the money or, if a voucher cannot be obtained, by an affidavit stating the reason for not obtaining the voucher;
(2) A bill, invoice, statement or similar document commonly in business use submitted on account of goods supplied or services rendered or both;
(3) An authorization of the board of directors, or a committee thereof or officer duly delegated by the board with authority to so authorize, in regard to compensation of officers, employees and agents; or
(4) Satisfactory proof of claim, accepted and approved in the manner prescribed by the insurer, based upon provisions of a policy issued by the insurer.