Section 750.645 – Annual report; content; names of sales and marketing representatives to be submitted.
(1) Each organization shall provide annually to the Director of the Department of Consumer and Business Services in as much detail as the director may require: (a) A verified financial statement detailing the legal expense organization’s assets, liabilities, unearned premium reserve, loss records and such other items as the director may require so long as […]
Section 750.341 – Requirement for multiple employer welfare arrangement to become traditional insurer.
A trust carrying out a multiple employer welfare arrangement shall not provide coverage to more than 20,000 lives unless the trust first obtains a certificate of authority as an insurer in this state. [1993 c.615 §23] Note: See note under 750.301.
Section 750.655 – Filing schedule of legal service rates required.
A legal expense organization shall file with the Director of the Department of Consumer and Business Services all schedules and tables of premium rates for legal service to be used on risks in this state, and shall file any amendments to or corrections of such schedules and tables. [Formerly 750.330]
Section 750.505 – Definitions for ORS 750.505 to 750.715.
As used in ORS 750.505 to 750.715: (1)(a) “Administration fee” means a nominal fee that: (A) A legal access provider pays to an attorney; (B) Is not more than $6 per month for each of the legal access provider’s customers, or a greater amount that the Director of the Department of Consumer and Business Services […]
Section 750.675 – Filing of provider and membership agreement with director.
An organization shall file with the Director of the Department of Consumer and Business Services a copy of the current membership agreement forms and the current provider agreement forms used by the organization, and a schedule of the rates charged its members. An organization shall file any material change in the provider agreement or membership […]
Section 750.318 – Officers and persons appointed to act on behalf of board; bond.
(1) The board of trustees of a trust carrying out a multiple employer welfare arrangement shall select officers as designated in the articles or bylaws and may appoint persons to act on behalf of the board as the board determines to be necessary for transacting the business of the multiple employer welfare arrangement. (2) Officers […]
Section 750.319 – Salaries; other compensation.
(1) The trust carrying out a multiple employer welfare arrangement may not pay any salary, compensation or emolument to any officer or trustee of the trust unless the payment is first authorized by a majority vote of the board of trustees. (2) The compensation of any trustee or officer may not be unreasonable and may […]
Section 750.321 – Assessment; maintenance of capital and surplus.
(1) Benefit plans issued by a trust must provide for a charge or deposit payable in cash and, except as provided in this section, for an assessment against member employers for purposes of subsection (2) of this section at least equal to one month’s contribution by the employer. The assessment may be prefunded. A member […]
Section 750.323 – Notice of coverage under plan.
(1) A trust shall provide notice of the following in writing to each individual applying to be covered by a multiple employer welfare arrangement: (a) The fact that the multiple employer welfare arrangement is subject to less stringent solvency protection and regulation than are insurers holding certificates of authority. (b) The fact that in the […]
Section 750.325 – Filings by trust.
(1) Each multiple employer welfare arrangement holding a certificate of multiple employer welfare arrangement must file an annual financial statement with the Director of the Department of Consumer and Business Services. The statement must conform to the requirements of ORS 731.574 applicable to annual statements filed by insurers. The director may request additional filings as […]