Or. Admin. Code § 836-029-0040 - Designation of Service Providers
(1)
A certified public accountant retained to conduct the independent annual audit
must be selected from the list of approved certified public accounting firms or
individual certified public accountants maintained by the Director of the
Department of Consumer and Business Services.
(2) A captive insurer that terminates the
appointment of an independent certified public accountant retained to conduct
the annual audit required in this rule shall report the name and address of the
certified public accountant in writing to the director within ninety days after
the appointment is terminated and shall within the same period report the name
and address of the certified public accountant that is subsequently
retained.
(3) A captive manager
hired to manage a captive insurer must be selected from the list of approved
captive managers maintained by the Director of the Department of Consumer and
Business Services.
(4) A captive
insurer that terminates the appointment of a captive manager hired to manage a
captive insurer shall report the name and address of the captive manager in
writing to the director within ninety days after the appointment is terminated
and shall within the same period report the name and address of the captive
manager that is subsequently retained.
(5) An actuary hired to opine on the reserves
of a captive insurer must be selected from the list of approved actuaries
maintained by the Director of the Department of Consumer and Business
Services.
(6) A captive insurer
that terminates the appointment of an actuary hired to opine on the reserves of
a captive insurer shall report the name and address of the actuary in writing
to the director within ninety days after the appointment is terminated and
shall within the same period report the name and address of the actuary that is
subsequently retained.
Notes
Stat. Auth.: ORS 731.244, 2012 OL Ch. 84, Sec. 4 (Enrolled SB 1547)
Stats. Implemented: 2012 OL Ch. 84, Sec. 2-22 (Enrolled SB 1547)
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.