- (1) Test audit results shall be summarized quarterly for the individual insurer or insurer group, as well as for the industry as a whole. The summary must include all prior quarters up to but not exceeding a total of six quarters. The summary must reflect separately the results of field audits, desk audits, non-productive audits, and payroll reports. An example of this report template is located on the Department of Consumer and Business Services, Division of Financial Regulation website at dfr.oregon.gov.
- (2) The summary of test audit results must be reported quarterly to the insurer's home office to the attention of the designated contact. If the insurer’s home office is located outside Oregon, a copy of the summary results must also be forwarded to the Oregon branch or division office that reports directly to the home office. It shall be the insurer's responsibility to keep the bureau advised of the responsible contact to whom the summary results should be directed.
- (3) The bureau shall maintain sufficient records to permit accurate reporting to the insurer and the director.
- (4) Copies of all summary reports shall be made available to the director upon completion. Individual insurer reports shall be made available to the director upon request.
Statutory/Other Authority
ORS 731.244 & ORS 737.318
Statutes/Other Implemented
ORS 737.318
History
ID 5-2019, amend filed 04/19/2019, effective 07/01/2019
ID 13-2012, f. 7-16-12, cert. ef. 1-1-13
ID 11-1994, f. 12-19-94, cert. ef. 1-1-95
ID 1-1988, f. & cert. ef. 1-20-88