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Oregon Revised Statutes Insurance § 735.230

Current as of January 01, 2023 | Updated by Findlaw Staff

The board of directors of the joint underwriting association shall engage the services of an independent actuarial firm to develop and recommend actuarially sound rates, rating plans, rating rules and classifications. The Director of the Department of Consumer and Business Services shall approve rates filed by the joint underwriting association in accordance with ORS 737.310. All rates approved for the joint underwriting association shall be actuarially sound and calculated to be self-supporting.

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Cite this article: FindLaw.com - Oregon Revised Statutes Insurance § 735.230 - last updated January 01, 2023 | https://codes.findlaw.com/or/title-56-insurance/or-rev-st-sect-735-230/

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