Oregon Statutes 737.510 – Advisory organizations; registration; jurisdiction of director to restrict unfair practices
(1) Every advisory organization shall file with the Director of the Department of Consumer and Business Services:
Terms Used In Oregon Statutes 737.510
- advisory organization: means every group, association or other organization of insurers, whether located within or outside this state, which assists authorized insurers which make their own filings or licensed rating organizations in rate making, by the collection and furnishing of loss or expense statistics or by the submission of recommendations, but which does not make filings under this chapter. See Oregon Statutes 737.012
(a) A copy of its constitution, its articles of agreement or association or its certificate of incorporation and of its bylaws, rules and regulations governing its activities.
(b) A list of its members.
(c) The name and address of a resident of this state upon whom notices may be served.
(d) An agreement that the director may examine such advisory organization in accordance with ORS § 737.515.
(2) Any insurer which makes its own filings or any rating organization may support its filings by statistics or adopt rate-making recommendations furnished to it by an advisory organization which has complied with this section. If, after a hearing, the director finds that the furnishing of such information or assistance involves any act or practice which is unfair or unreasonable or otherwise inconsistent with this chapter, the director may issue a written order specifying in what respects such act or practice is unfair or unreasonable or otherwise inconsistent with this chapter. If the act or practice thus specified is not modified to comply with such order, the director may issue an order requiring any insurer which makes its own filings or any rating organization to discontinue the use of the statistics or rate-making recommendations furnished to it by such advisory organization. [Amended by 1967 c.359 § 328; 1969 c.690 § 23]
[1959 c.324 § 2; 1967 c.359 § 316; renumbered 737.346]