OAR 836-150-0060: Duties of the Administrator

As administrator of the Oregon Reinsurance program, the department will: (1) Conduct an audit of the information submitted under 836-150-0030. (2) Notify reinsurance eligible issuers of the results of the calculation described under 836-150-0050, including any modifications of the coinsurance rate. (3) Issue reinsurance payments to each reinsurance eligible issuer in accordance with OAR 836-150-0050.