Section 750.705 – Application of Insurance Code.
(1) The following provisions of the Insurance Code apply to legal expense organizations to the extent not inconsistent with the express provisions of ORS 750.505 to 750.715: (a) ORS 731.004 to 731.026, 731.036 to 731.150, 731.158, 731.216 to 731.362, 731.385, 731.386, 731.398 to 731.430, 731.450, 731.454, 731.504, 731.508, 731.509, 731.510, 731.511, 731.512, 731.640 to 731.652, […]
Section 750.715 – Rules.
The Director of the Department of Consumer and Business Services may make rules in order to carry out ORS 750.505 to 750.715. [1989 c.331 §21]
Section 750.615 – Deposit to reimburse members for unearned premiums required.
An organization shall deposit in an account that is maintained separately from operating funds an amount reasonably calculated to reimburse plan members for unearned premiums. The organization shall hold the amount in a fiduciary capacity. Records shall be kept of all deposits and receipts for a period of not less than six years. [1989 c.331 […]
Section 750.625 – Paying providing attorney contingent on claims experience prohibited.
Compensation paid to a providing attorney shall not be contingent on claims experience. This section does not prevent the compensation of a providing attorney from being based on membership fees collected or the number of claims paid or processed, nor does it prevent a providing attorney from sharing in a fund based on services performed. […]
Section 750.635 – Registered agent and registered office in state required.
(1) Each organization shall continuously maintain in this state a registered agent and registered office that may be, but need not be, the same as any of its places of business. (2) A registered agent shall be: (a) An individual who resides in this state and whose business office is identical to the registered office; […]
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 […]