As administrator of the Oregon Reinsurance program, the department will:
- (1) Conduct an audit of the information submitted under 836-150-0030.
- (2) Notify reinsurance eligible issuers of the results of the calculation described under 836-150-0050, including any modifications of the coinsurance rate.
- (3) Issue reinsurance payments to each reinsurance eligible issuer in accordance with OAR 836-150-0050.
Statutory/Other Authority
ORS 731.244 & 2017 Or Laws ch 538 sec 19
Statutes/Other Implemented
2017 Or Laws ch 538 sec 18-21
History
ID 38-2018, adopt filed 12/19/2018, effective 01/01/2019