Oregon § 737.515 Examination of rating, advisory and other organizations; payment of costs; acceptance of report from another state

Oregon Statutes

§ 737.515 — Examination of rating, advisory and other organizations; payment of costs; acceptance of report from another state

Oregon § 737.515

Vol.18

Title 56Insurance

Ch. 737Rates and Rating Organizations

This text of Oregon § 737.515 (Examination of rating, advisory and other organizations; payment of costs; acceptance of report from another state) 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. § 737.515 (2026).

Text

(1)The Director of the Department of Consumer and Business Services shall make or cause to be made an examination of each rating and advisory organization complying with and referred to in ORS 737.350 or 737.510 and of each organization referred to in ORS 737.390 as often as the director deems expedient.

(2)The reasonable costs of any such examination shall be paid by the organization examined, upon presentation to it of a detailed account of such costs. The officers, manager, agents and employees of any such organization may be examined at any time under oath and shall exhibit all books, records, accounts, documents or agreements governing its methods of operation.

(3)All such examinations shall be conducted as provided in ORS 731.300 to 731.316.

(4)In lieu of any such examination the

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(1) The Director of the Department of Consumer and Business Services shall make or cause to be made an examination of each rating and advisory organization complying with and referred to in ORS 737.350 or 737.510 and of each organization referred to in ORS 737.390 as often as the director deems expedient.
(2) The reasonable costs of any such examination shall be paid by the organization examined, upon presentation to it of a detailed account of such costs. The officers, manager, agents and employees of any such organization may be examined at any time under oath and shall exhibit all books, records, accounts, documents or agreements governing its methods of operation.
(3) All such examinations shall be conducted as provided in ORS 731.300 to 731.316.
(4) In lieu of any such examination the director may accept the report of an examination made by the insurance supervisory official of another state, pursuant to the laws of such state.