Or. Admin. Code § 836-082-0050

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

Section 836-082-0050 - Statutory Authority

OAR 836-082-0055 is adopted by the Director of the Department of Insurance and Finance pursuant to the authority of the Director:

(1) To carry out the prohibition in ORS 746.015 against unfair discrimination in the availability of insurance and in the terms or conditions of insurance policies;

(2) To aid in the carrying out of ORS 742.005(3), which requires the Director to disapprove a form requiring the Director's approval if in the Director's judgment, its use would be prejudicial to the interests of the insurer's policyholders; and

(3) To aid in the carrying out of ORS 742.005(4), which requires the Director to disapprove a form if the Director finds it contains unjust, unfair or inequitable provisions.

Or. Admin. Code § 836-082-0050

ID 13-1990, f. 6-12-90, cert. ef. 7-1-90

Stat. Auth.: ORS 731, ORS 742 & ORS 746

Stats. Implemented: ORS 742.005(3) - ORS 742.005(4) & ORS 746.0015(1)