Or. Admin. Code § 836-042-0300 - Statutory Authority; Purpose; Applicability; Effective Date
(1) OAR 836-42-300
to 836-042-0322 are adopted under
the specific authority of the Insurance Commissioner in ORS
737.346, to make rules needed to
allow mass marketing plans in personal lines casualty and property
insurance.
(2) The purpose of these
rules is to prevent abuses in connection with the sale of personal lines
property-casualty insurance in this state under mass marketing plans, while
preserving for consumers the potential benefits of this form of marketing. The
rules also are to provide for an orderly procedure to carry out the provisions
of ORS 737.346.
(3) OAR
836-042-0300 to
836-042-0322 apply only to
insurance policies issued or renewed in this state after October 14, 1983, and
is in addition to, and not instead of, other applicable requirements of the
Insurance Code and Division rules. The requirements of
836-042-0300 to
836-042-0322 do not apply to
methods of marketing other than mass marketing plans.
Notes
Publications: The publication(s) referred to or incorporated by reference in this rule are available from the agency.
Stat. Auth.: ORS 731.244 & ORS 737.346
Stats. Implemented: ORS 737.346
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