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2013 Oregon Revised Statutes
Volume : 16 - Financial Institutions, Insurance
Chapter 743 - Health and Life Insurance
Section 743.990 - Penalties.


OR Rev Stat § 743.990 (2013) What's This?

(1) If the Public Employees' Benefit Board or an insurer fails to timely file a verified form or to pay an assessment required under ORS 743.951 or 743.961, the insurer or the board shall be subject to a penalty of up to $500 per day of delinquency. The total amount of penalties imposed under this section for a calendar quarter may not exceed five percent of the assessment due for that calendar quarter.

(2) Any penalty imposed under this section is in addition to and not in lieu of the assessment imposed under ORS 743.951 and 743.961. [2009 c.867 §6]

Note: See second note under 743.951.

Note: See second note under 743.961.

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