Or. Admin. Code § 836-080-0165

Current through Register Vol. 63, No. 11, November 1, 2024

Section 836-080-0165 - Notice of Division of Financial Regulation Assistance

(1) An insurer shall include in an individual annuity contract and with any subsequent offer for sale of additional coverage in connection with the annuity a statement to the effect that the Division of Financial Regulation of the Department of Consumer and Business Services offers assistance to consumers in the event of a dispute with the insurer. When the statement appears in the contract, the statement must be displayed on the cover page, the first page of the annuity terms, the page that contains the names of the parties and basic coverage information or another prominent place. When the statement appears in an offer for sale of additional coverage, the statement must be displayed in a prominent place. The statement must include the telephone number and website information for contacting the Division of Financial Regulation for assistance.

(2) Violation of this rule is an unfair trade practice for the purpose of ORS 746.240.

ID14-2008, f. &cert. ef. 8-15-08; ID 32-2024, minor correction filed 08/20/2024, effective 8/20/2024

Statutory/Other Authority: ORS 731.244

Statutes/Other Implemented: ORS 742.009 & 746.240