An insurer licensed by the Department of Consumer and Business Services shall include in any rate filing under ORS § 743.018 with respect to individual and small employer health benefit plans, as defined in ORS § 743B.005, a statement of administrative expenses in the form and manner prescribed by the department by rule. The statement must include, but is not limited to:

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(1) A statement of administrative expenses on a per member per month basis; and

(2) An explanation of the basis for any proposed premium rate increases or decreases. [2009 c.595 § 29; 2019 c.441 § 3]

[1967 c.359 § 341; 1971 c.231 § 21; 1973 c.525 § 1; renumbered 742.009 in 1989]