Or. Admin. Code § 836-080-0105 - Statutory Authority; Purpose; Effective Date
(1) OAR
836-080-0105 to
836-080-0155 are adopted
pursuant to the general rulemaking authority of the Commissioner in ORS
731.244 to aid in the
effectuation of ORS Chapter 746, especially the enforcement of 746.015,
746.075, 746.160(3), and 746.240, as well as the effectuation and enforcement
of 737.205 to 737.348, 742.003, 742.005, 742.009 and other related provisions
of the Oregon Insurance Code.
(2) The purpose of OAR
836-080-0105 to
836-080-0155 is to regulate the
content and use of participation provisions in commercial lines of property and
casualty insurance policies so as to prevent misrepresentations and other
unfair practices relating to future dividends, to prevent unfair and coercive
practices in the allocation and payment of dividends, and to effectuate the
statutes governing ratemaking, classification of risks, and approval of policy
forms, with respect to commercial lines of property and casualty insurance
issued on the participating basis.
Notes
Publications: Publications referenced are available from the agency.
Stat. Auth.: ORS 731.244
Stats. Implemented: ORS 746, ORS 746.015, ORS 746.075, ORS 746.160 & ORS 746.240
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