Surplus Line Association of Oregon
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(1) The Surplus Line Association of Oregon shall be the advisory organization of surplus lines licensees to:
(a) Facilitate and encourage compliance by resident and nonresident surplus lines licensees with the laws of this state and the rules of the Director of the Department of Consumer and Business Services relative to surplus lines insurance;
(b) Provide means for the examination, which shall remain confidential as provided in ORS 705.137 (Information that is confidential or not subject to disclosure), of all surplus lines coverage written by resident and nonresident surplus lines licensees to determine whether the coverages comply with the Oregon Surplus Lines Law;
(c) Communicate with organizations of admitted insurers with respect to the proper use of the surplus lines market;
(d) Receive and disseminate to resident and nonresident surplus lines licensees information relative to surplus lines coverages; and
(e) At the request of the director, receive and collect on behalf of the state and remit to the state premium receipts taxes for surplus lines insurance pursuant to ORS 735.417 (Insured required to report and pay taxes on independently procured insurance covering Oregon home state risks) or 735.470 (Premium tax).
(2) The Surplus Line Association of Oregon shall file with the director:
(a) A copy of its constitution, articles of agreement or association or certificate of incorporation;
(b) A copy of its bylaws and rules governing its activities;
(c) A current list of members;
(d) The name and address of a resident of this state upon whom notices or orders of the director or processes issued at the direction of the director may be served;
(e) An agreement that the director may examine the Surplus Line Association of Oregon in accordance with the provisions of this section; and
(f) A schedule of fees and charges.
(3) The director may make or cause to be made an examination of the Surplus Line Association of Oregon. The reasonable cost of any such examination shall be paid by the association upon presentation to it by the director of a detailed account of each cost. The officers, managers, agents and employees of the association may be examined at any time, under oath, and shall exhibit all books, records, accounts, documents or agreements governing its method of operation. The director shall furnish two copies of the examination report to the association and shall notify the association that it may, within 20 days thereof, request a hearing on the report or on any facts or recommendations therein. If the director finds the association or any member thereof to be in violation of ORS 735.400 (Purposes of ORS 735.400 to 735.495) to 735.495 (Short title), the director may issue an order requiring the discontinuance of such violation.
(4)(a) The Surplus Line Association of Oregon may charge resident and nonresident surplus lines licensees and nonresident producing insurance producers a fee for reviewing surplus lines policies and for collecting, on behalf of the state, taxes imposed under ORS 735.470 (Premium tax).
(b) The association may charge insureds a fee for collecting, on behalf of the state, reports required and taxes imposed under ORS 735.417 (Insured required to report and pay taxes on independently procured insurance covering Oregon home state risks).
(c) The association shall adopt bylaws implementing paragraphs (a) and (b) of this subsection. [1987 c.774 §123; 2001 c.377 §14; 2005 c.185 §13; 2007 c.71 §235; 2011 c.660 §12]
3 OregonLaws.org assembles these lists by analyzing references between Sections. Each listed item refers back to the current Section in its own text. The result reveals relationships in the code that may not have otherwise been apparent.