Recently adopted rules

Rules affected: OAR 441-505-2005

Rule Summary:
Adopted to allow Oregon chartered commercial banks and savings banks to conduct annual stockholder meetings.

Filed: March 27, 2020

Effective: March 27, 2020 through September 22, 2020

Documents:

• Temporary Administrative Order

Rules affected: OAR 441-730-0070, 441-735-0070, 441-850-0045, 441-890-00752

Rule Summary:
Amended advertising regulations to add new requirement regarding displaying consumer finance lender licensing information.

Filed: December 16, 2019

Effective: January 1, 2020

Documents:

• Permanent Administrative Order
• Summary of Testimony and Hearing Officer's Report

Rules affected: OAR 441-740-0000, 441-740-0010, 441-740-0020, 441-740-0025, 441-740-0029, 441-740-0035

Rule Summary:
Amended to add definition for “large items” that can be stored in an off-site location and add the definition of “reasonable care” that is currently in OAR 441-740-0020.

Filed: December 16, 2019

Effective: January 1, 2020

Documents:

• Permanent Administrative Order
• Summary of Testimony and Hearing Officer's Report

Rules affected: OAR 836-200-0545, 836-200-0555

Rule Summary:
Amend timeline for public disclosure of prescription drug manufacturer filings provided in compliance with Oregon Laws 2018, chapter 7.

Filed: January 29, 2020

Effective: February 1, 2020

Documents:

• Permanent Administrative Order
• Summary of Testimony and Hearing Officer's Report

Rules affected: OAR 836-012-0000, 836-012-0006, 836-012-0011, 836-012-0021, 836-012-0031, 836-012-0041, 836-012-0046, 836- 012-0051, 836-012-0060, 836-012-0070, 836-012-0080, 836-012-0090, 836-012-0100, 836-012-0110

Rule Summary:
Amended to identify the director’s authority for adopting and revising the requirements for a ceding insurer to receive credit for reinsurance as an asset or a reduction from liability. Also references forms as Exhibits 1, 2, 3, 4.

Filed: December 19, 2019

Effective: January 1, 2020

Documents:

• Permanent Administrative Order
• Summary of Testimony and Hearing Officer's Report

Rules affected: OAR 836-053-1200, 836-053-1203

Rule Summary:
Clarify that rules apply to prior authorizations for all items and services covered by a health benefit plan, and to prior authorization requests made by enrollees as well as providers; clarify timeline for health benefit plan determinations and required communications related to prior authorization requests and requests for additional information; establish that compliance with proposed rule will be sufficient to establish compliance with statutory requirement to act promptly in response to requests for prior authorization.

Filed: December 19, 2019

Effective: January 1, 2020

Documents:

• Permanent Administrative Order
• Summary of Testimony and Hearing Officer's Report

Rules affected: OAR 836-011-0000, 836-011-0030, 836-027-0030, 836-031-0605

Rule Summary:
Amends for the purpose of prescribing: (1) the required financial statement forms, with instructions, to be filed annually by insurers; (2) the required financial statement forms, with instructions, to be filed quarterly by insurers; and (3) the required annual statement supplements, with instructions, to be filed by insurers, for the 2019 annual and 2020 quarterly reporting years. In addition, clarifies the rule’s applicability to multiple employer welfare arrangements and to specify the need for compliance with annual statement instructions posted on the division’s website.

Filed: December 19, 2019

Effective: January 1, 2020

Documents:

• Permanent Administrative Order
• Summary of Testimony and Hearing Officer's Report

Rules affected: 836-071-0101, 836-071-0113, 836-071-0118, 836-071-0120, 836-071-0127, 836-071-0130, 836-071-0135, 836- 071-0140, 836-071-0145

Rule Summary:
Amended to specify the form and manner of license application submissions, to make technical changes and to update references to statutory authority, i.e., to substitute references to the provisions of Oregon Laws 2019, chapter 151 (Senate Bill 251).

Filed: November 27, 2019

Effective: January 1, 2020

Documents:

• Permanent Administrative Order
• Summary of Testimony and Hearing Officer's Report

Rules affected: OAR 836-027-0200

Rule Summary:
Amended to require the board of directors to approve the custodial agreement and requires certificated securities of the insurance company to be held separately from all other securities or in a fungible bulk.

Filed: November 25, 2019

Effective: January 1, 2020

Documents:

• Permanent Administrative Order
• Summary of Testimony and Hearing Officer's Report