- (1) Any captive insurer authorized by the Director of the Department of Consumer and Business Services, shall maintain and make ready for inspection and examination by the director, or the director's agent, any and all documents pertaining to the formation, operation, management, finances, insurance and reinsurance of the captive insurer.
- (2) Original documents may be kept in the offices of the captive insurer's captive manager, the captive insurer's parent or the captive insurer itself. Accurate and complete copies shall be held in an office located in Oregon designated by the captive insurer and approved by the director as part of the application process.
Statutory/Other Authority
ORS 731.244, 2012 OL Ch. 84 & Sec. 4 (Enrolled SB 1547)
Statutes/Other Implemented
2012 OL Ch. 84 & Sec. 2-22 (Enrolled SB 1547)
History
ID 17-2012, f. & cert. ef. 11-7-12
ID 11-2012(Temp), f. 6-15-12, cert. ef. 7-1-12 thru 12-27-12