Or. Admin. Code § 836-042-0300

Current through Register Vol. 63, No. 12, December 1, 2024

Section 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.

(4) OAR 836-042-0300 to 836-042-0322 becomes effective October 14, 1983.

Or. Admin. Code § 836-042-0300

IC 8-1983, f. & ef. 11-10-83; ID 15-1996, f. & cert. ef. 11-12-96

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