An applicant for registration as a legal expense organization must do all of the following in order to obtain registration:
(1) Apply for the registration under ORS 750.545.
(2) File with the Director of the Department of Consumer and Business Services in writing the address, including street and number, and mailing address, if different, of the organizationís initial registered office and the name of its initial registered agent at that office.
(3) Meet the following qualifications:
(a) The applicant must be financially responsible and the organization able to meet its obligations to its members.
(b) The directors, officers or managers of the organization must be competent, trustworthy and experienced managerially, as determined by the director after investigation or upon receipt of reliable information. [1989 c.331 §5]Section: Previous 750.337 750.339 750.340 750.341 750.505 750.515 750.525 750.535 750.545 750.555 750.565 750.575 750.585 750.595 750.605 Next
Last modified: August 7, 2008