(1) The Director of the Department of Consumer and Business Services may examine and investigate the insurance activities of any person that the director believes may be in violation of ORS 746.213, 746.215 or 746.217. Upon request and reasonable notice, a person shall make its insurance books and records available to the director and the director’s staff for inspection. An affected person may submit to the director a complaint or material pertinent to the enforcement of ORS 746.213, 746.215 and 746.217.
(2) Nothing in ORS 746.213, 746.215 or 746.217 prevents a depository institution or an affiliate of a depository institution that lends money or extends credit or other lender or seller from placing insurance on real or personal property in the event the customer, borrower, mortgagor or purchaser fails to provide insurance required under the terms of the loan or credit document.
(3) ORS 746.213, 746.215 and 746.217 do not apply to credit-related insurance. [2003 c.363 §5]
Note: See note under 746.213.Section: Previous 746.201 746.205 746.210 746.211 746.213 746.215 746.217 746.219 746.220 746.222 746.225 746.230 746.240 746.250 746.260 Next
Last modified: August 7, 2008