2011 Oregon Revised Statutes
ORS Volume 16, Chapters 705 - 752
ORS Chapter 732
732.320 Supporting documents for expenditures.
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. [Formerly 738.420]
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