- (1) If a risk sharing plan exists under ORS Chapter 735 for the kind of coverage cancelled or nonrenewed, notice of cancellation or nonrenewal required under OAR 836-085-0010(2) is not effective unless the notice contains adequate instructions to the policyholder and the insurance producer, if any, for applying for insurance through a risk sharing plan under ORS Chapter 735.
- (2) Adequate instructions under section (1) of this rule must direct the policyholder to the agent of the notifying insurer for assistance or, if no agent exists, must provide that the insurer will directly assist in submission of the application.
Statutory/Other Authority
ORS 731.244 & 746.240
Statutes/Other Implemented
ORS 746.045, 746.055, 746.160(3) & 746.240
History
ID 12-2013, f. 12-31-13, cert. ef. 1-1-14
ID 8-2005, f. 5-18-05, cert. ef. 8-1-05
ID 8-1987, f. & ef. 12-14-87
IC 4-1985, f. & ef. 9-19-85
IC 2-1985(Temp), f. 5-31-85, ef. 6-15-85