Any person may file with the Director of the Department of Consumer and Business Services a disclaimer of affiliation with any authorized insurer, or such a disclaimer may be filed by any insurer or any member of an insurance holding company system. The disclaimer must fully disclose all material relationships and bases for affiliation between the person and the insurer as well as the basis for disclaiming the affiliation. After a disclaimer has been filed, the insurer shall be relieved of any duty to register or report under ORS 732.517 to 732.592 that may arise out of the insurer’s relationship with such person unless the director disallows such a disclaimer. The director may disallow such a disclaimer only after furnishing all parties in interest with notice and opportunity to be heard and after making specific findings of fact to support the disallowance. [Formerly 732.695]
Section: Previous 732.556 732.558 732.560 732.562 732.564 732.565 732.566 732.568 732.570 732.572 732.574 732.575 732.576 732.578 732.580 NextLast modified: August 7, 2008