Oregon Administrative Rules
Chapter 836 - DEPARTMENT OF CONSUMER AND BUSINESS SERVICES, INSURANCE REGULATION
Division 75 - THIRD PARTY ADMINISTRATORS
Section 836-075-0060 - ERISA Exemption Registration

Universal Citation: OR Admin Rules 836-075-0060

Current through Register Vol. 63, No. 9, September 1, 2024

(1) A person who is required by ORS 744.714 to register with the Director annually, verifying the person's status as qualifying under ORS 744.704(1)(L) for the exemption from the licensing requirement for third party administrators in ORS 744.702 and from all other provisions of 744.700 to 744.740, shall register with the Director annually. In the registration, the person shall certify that the person qualifies for the exemption because of the person's status and shall inform the Director:

(a) Of the person's name, business address, mailing address if different from the business address, and telephone number; and

(b) Whether the person is acting solely as an administrator of one or more single employers, union-bargaining (Taft-Hartley) plans, rural electric cooperatives or other bona fide employer benefit plans established by an employer or an employee organization, or both, for which the Insurance Code is preempted pursuant to the Employee Retirement Income Security Act of 1974.

(2) If the Director determines that a person does not qualify for the exemption under ORS 744.704(1)(L), the person must obtain the license required under ORS 744.702 in order to transact business as a third party administrator.

Publications: The publication(s) referred to or incorporated by reference in this rule are available from the agency.

Stat. Auth.: ORS 731.244, ORS 744.303, ORS 744.635, ORS 744.704, ORS 744.706, ORS 744.712 & ORS 744.726

Stats. Implemented: ORS 744.704(1)(l) & ORS 744.714

Disclaimer: These regulations may not be the most recent version. Oregon may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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