§ 737.350 — Application for license by rating organization

Oregon § 737.350

• Jurisdiction: Oregon
• Vol.: 18
• Title 56: Insurance
• Ch. 737: Rates and Rating Organizations

Text

No rating organization shall conduct its operations in this state without first filing with the Director of the Department of Consumer and Business Services a written application for a license as a rating organization for such classes of insurance, or subdivision or class of risk or a part or combination thereof as are specified in its application and shall file therewith:
(1) A copy of its constitution, its articles of agreement or association or its certificate of incorporation, and of its bylaws, rules and regulations governing the conduct of its business.
(2) A list of its members and subscribers.
(3) The name and address of a resident of this state upon whom notices or orders of the director or process affecting such rating organization may be served.
(4) A statement of its qualifications as a rating organization. This statement shall be on forms prescribed and furnished by the director and shall include:
(a) In the case of a fire insurance rating organization, a showing as to its facilities for inspecting and surveying the various municipalities and fire risks in this state and for inspecting and surveying in this state the facilities for the preventing, confining and extinguishing of fires and such other information as the director may require; and
(b) In the case of a title insurance rating organization, a showing that adequate representation, as determined by the director, is provided for title insurance producers.

Legislative History

Amended by 1967 c.359 §318; 1969 c.690 §18; 1979 c.501 §2; 2003 c.364 §97