Or. Admin. Code § 410-141-3625 - MCE Assessment: Authority to Audit Records
(1) The MCE must maintain financial records
necessary and adequate to determine the amount of premium equivalents for any
period for which an MCE assessment may be due.
(2) The Authority may audit the MCE's records
at any time for a period of five years following the date the assessment is due
to verify or determine the premium equivalents for the MCE.
(3) Any audit, finding, or position may be
reopened if there is evidence of fraud, malfeasance, concealment,
misrepresentation of material fact, omission of income, or collusion either by
the MCE or by the MCE and an Authority representative.
(4) The Authority may notify the MCE of a
potential deficiency or issue a refund based upon its audit findings.
Notes
Statutory/Other Authority: ORS 413.042 & 414.025
Statutes/Other Implemented: ORS 414.065 & 2017 HB 2391
State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More comparison features will be added as we have more versions to compare.
No prior version found.