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Current as of January 01, 2023 | Updated by Findlaw Staff
No domestic insurer shall make any disbursement of $100 or more unless the sum is evidenced by:
(1) A voucher signed by or on behalf of the person receiving the money or, if a voucher cannot be obtained, by an affidavit stating the reason for not obtaining the voucher;
(2) A bill, invoice, statement or similar document commonly in business use submitted on account of goods supplied or services rendered or both;
(3) An authorization of the board of directors, or a committee thereof or officer duly delegated by the board with authority to so authorize, in regard to compensation of officers, employees and agents; or
(4) Satisfactory proof of claim, accepted and approved in the manner prescribed by the insurer, based upon provisions of a policy issued by the insurer.
Cite this article: FindLaw.com - Oregon Revised Statutes Insurance § 732.320 - last updated January 01, 2023 | https://codes.findlaw.com/or/title-56-insurance/or-rev-st-sect-732-320/
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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