Or. Admin. Code § 836-043-0150

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

Section 836-043-0150 - Summary of Test Audit Results

(1) Test audit results shall be summarized quarterly for the individual insurer or insurer group, as well as for the industry as a whole. The summary must include all prior quarters up to but not exceeding a total of six quarters. The summary must reflect separately the results of field audits, desk audits, and reviews of payroll reports. An example of this report template is located on the Department of Consumer and Business Services, Insurance Division website at www.insurance.oregon.gov.

(2) The summary of test audit results must be reported quarterly to the insurer's home office to the attention of the designated contact. If the insurer' home office is located outside Oregon, a copy of the summary results must also be forwarded to the Oregon branch or division office that reports directly to the home office. It shall be the insurer's responsibility to keep the bureau advised of the responsible contact to whom the summary results should be directed.

(3) The bureau shall meet with each insurer to review its results and when requested, may offer remedial suggestions when such action is indicated.

(4) The bureau shall maintain sufficient records to permit accurate reporting to the insurer and the director.

(5) Copies of all individual insurer and summary reports shall be submitted to the director upon completion.

Or. Admin. Code § 836-043-0150

ID 1-1988, f. & cert. ef. 1-20-88; ID 11-1994, f. 12-19-94, cert. ef. 1-1-95; ID 13-2012, f. 7-16-12, cert. ef. 1-1-13; ID 5-2019, amend filed 04/19/2019, effective 7/1/2019

Exhibits referenced are available from the agency.

Statutory/Other Authority: ORS 731.244 & 737.318

Statutes/Other Implemented: ORS 737.318