ORS 705.105
Department of Consumer and Business Services

  • director
  • qualifications
  • confirmation
  • Insurance Commissioner
  • bond or letter of credit
  • seal

(1)

The Department of Consumer and Business Services is created.

(2)

The department shall be under the supervision and control of a director who shall be responsible for the functions of the department.

(3)

Subject to confirmation by the Senate in the manner provided in ORS 171.562 (Procedures for confirmation) and 171.565 (Vote required for confirmation), the Governor shall appoint the director, who shall hold office at the pleasure of the Governor. The person appointed as director shall be well qualified by training and experience to perform the functions of the office.

(4)

The director shall receive such salary as is provided by law or, if not so provided, as is fixed by the Governor.

(5)

With respect to the duties, functions and powers imposed upon the director under the insurance laws, the director may be designated by the title of Insurance Commissioner or may appoint a person under ORS 705.115 (Department organization) to serve under the supervision and control of the director as Insurance Commissioner.

(6)

Before entering upon the functions of office, the director shall give to the state a fidelity bond with one or more corporate sureties authorized to do business in this state, or an irrevocable letter of credit issued by an insured institution, as defined in ORS 706.008 (Additional definitions for Bank Act), in either case in the penal sum fixed by the Governor.

(7)

The department shall have an official seal. Any certificate or other document or paper executed by the department pursuant to its authority and sealed with its seal, and all copies of papers certified by it and authenticated by the seal, shall in all cases be evidence equally and in like manner as the original and shall have the same force and effect as would the original in any suit or proceeding in any court in this state. [1987 c.373 §2; 1991 c.331 §108; 1993 c.744 §10; 1997 c.631 §526; 2003 c.802 §179]

Source: Section 705.105 — Department of Consumer and Business Services; director; qualifications; confirmation; Insurance Commissioner; bond or letter of credit; seal, https://www.­oregonlegislature.­gov/bills_laws/ors/ors705.­html.

705.010
Definitions
705.105
Department of Consumer and Business Services
705.115
Department organization
705.117
Consumer Advocacy Section
705.125
Deputy director
705.135
Delegation
705.137
Information that is confidential or not subject to disclosure
705.138
Confidential and privileged documents
705.139
Agreements with other agencies regarding sharing and use of confidential information
705.141
Criminal records check
705.143
Combined license processing
705.145
Consumer and Business Services Fund
705.146
Prescription Drug Affordability Account
705.148
Transfers from Consumer and Business Services Fund to Workers’ Benefit Fund
705.155
Petty cash funds
705.165
Disposition of moneys accruing from department administration and enforcement of certain laws
705.175
Warrant for collection of debt owed Department of Consumer and Business Services
705.300
Records of actions of director regarding securities, commodity and franchise laws
705.310
Evidentiary effect of certain records regarding securities, commodities and franchises
705.320
Certified documents
705.330
Withdrawal of certain documents
705.340
Access to director’s and department records regarding securities, commodities and franchises
705.350
Fees for certain documents
705.610
Appointment of financial institution examiners
705.630
Charging for extra expenses
705.635
Certificate of approval of certain business registry names filed under ORS 56.023
705.638
“Company” defined
705.640
Enforcement authority regarding conduct of banking business
705.642
Injunction authority regarding conduct of banking business
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