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Current as of January 01, 2023 | Updated by Findlaw Staff
As used in ORS 731.760 to 731.770:
(1) “Insurance compliance audit” means a voluntary internal evaluation, review, assessment, audit or investigation that is undertaken to identify or prevent noncompliance with, or promote compliance with, laws, regulations, orders or industry or professional standards, and that is conducted by or on behalf of an insurer regulated under the Insurance Code.
(2) “Insurance compliance self-evaluative audit document” means a document prepared as a result of or in connection with an insurance compliance audit. “Insurance compliance self-evaluative audit document” includes, but is not limited to:
(a) A written response to the findings of an insurance compliance audit.
(b) Field notes and records of observations, findings, opinions, suggestions, conclusions, drafts, memoranda, drawings, photographs, exhibits, computer-generated or electronically recorded information, phone records, maps, charts, graphs and surveys, provided this supporting information is collected or developed solely for the purpose of an insurance compliance audit.
(c) An insurance compliance audit report prepared by an auditor, who may be an employee of the insurer or an independent contractor, which may include the scope of the audit, the information gained in the audit and conclusions and recommendations, with exhibits and appendices.
(d) Memoranda and documents analyzing portions or all of the insurance compliance audit report and discussing potential implementation issues.
(e) An implementation plan that addresses correcting past noncompliance, improving current compliance and preventing future noncompliance.
(f) Analytic data generated in the course of conducting the insurance compliance audit, not including any analytic data that exists independently of the audit or existed before the audit was conducted.
Cite this article: FindLaw.com - Oregon Revised Statutes Insurance § 731.760 - last updated January 01, 2023 | https://codes.findlaw.com/or/title-56-insurance/or-rev-st-sect-731-760/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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