Current through 2024 Regular Session legislation
Section 731.833 - Record keeping requirements for wet marine and transportation insurance contracts(1) Each producer of nonadmitted wet marine and transportation insurance shall keep a full and true record of each nonadmitted wet marine and transportation insurance contract placed on an Oregon home state risk. The record must include a copy of the policy, certificate, cover note or other evidence of insurance that the Director of the Department of Consumer and Business Services specifies by rule.(2) A producer shall keep the record described in subsection (1) of this section open at all reasonable times to the director's examination, without notice, for a period of not less than five years after termination of the nonadmitted wet marine and transportation insurance contract.