(1) The Director of the Department of Consumer and Business Services shall issue a certificate of multiple employer welfare arrangement to a multiple employer welfare arrangement by and through its board of trustees if, upon completion of the application for the certificate and upon investigation and review of all information acquired by the director, the director does all of the following:
(a) Approves the application for the certificate.
(b) Determines that the person applying for the certificate satisfies the requirements in ORS 750.305, 750.307 and 750.309 for qualifying for and holding a certificate of multiple employer welfare arrangement and satisfies all other applicable requirements in the Insurance Code.
(2) The director shall take all necessary action and shall either issue or refuse to issue a certificate within a reasonable time after the completion of the application for the certificate. [1993 c.615 §8]
Note: See note under 750.301.Section: Previous 750.301 750.303 750.305 750.307 750.309 750.310 750.311 750.313 750.315 750.317 750.318 750.319 750.320 750.321 750.323 Next
Last modified: August 7, 2008