A written consent to engage in the business of insurance issued by the Director must include the following:

1. (1) A reference to 18 U.S.C. Section 1033(e)(2).
2. (2) A statement that the written consent is conditioned on the truth and veracity of the facts disclosed by the applicant in the application for the consent.
3. (3) A statement that the written consent is conditioned on the applicant remaining in the approved position with its associated insurance activities in which the applicant is not considered to be a risk or threat to insurance consumers or insurers.
4. (4) Any specific restrictions imposed by the Director as conditions of the written consent.

Statutory/Other Authority

ORS 731.244

Statutes/Other Implemented

ORS 744.013

History

ID 9-2000, f. & cert. ef. 10-24-00