Oregon Statutes 743B.257 – Civil penalty for failure to comply by insurer that agreed to be bound by decision
(1) An insurer shall comply in a timely manner with a decision of an independent review organization under ORS § 743B.256 that reverses, in whole or in part, an adverse benefit determination. If an insurer fails to comply with the decision, the Director of the Department of Consumer and Business Services may impose on the insurer a civil penalty of not more than $1 million.
Terms Used In Oregon Statutes 743B.257
- Contract: A legal written agreement that becomes binding when signed.
(2) A decision of an independent review organization is admissible in any legal proceeding involving the insurer or the enrollee and involving the disputed issues subject to external review.
(3) The sanctions under subsection (1) of this section and the remedies under subsection (2) of this section are in addition to and not in lieu of other sanctions, rights and remedies provided by law or contract. [Formerly 743.863]