71st OREGON LEGISLATIVE ASSEMBLY--2001 Regular Session
 
SA to SB 609
 
LC 2780/SB 609-1
 
                      SENATE AMENDMENTS TO
                         SENATE BILL 609
 
    By COMMITTEE ON BUSINESS, LABOR, AND ECONOMIC DEVELOPMENT
 
                            March 27
 
  On page 2 of the printed bill, line 14, delete the comma and
insert 'or' and delete 'or' and insert a period.
  In line 15, delete 'to' and insert 'If the director determines
that the actions of an insurer are egregious, the director may'.
  Delete lines 23 through 27 and insert:
  ' (3)(a) The director shall consider the corrective action
taken by an insurer to eliminate problems identified in the
insurance compliance self-evaluative audit document as a
mitigating factor when determining a civil penalty or other
action against the insurer.
  ' (b) The director may, in the director's sole discretion,
decline to impose a civil penalty or take other action against an
insurer based on information obtained from an insurance
compliance self-evaluative audit document if the insurer has
taken reasonable corrective action to eliminate the problems
identified in the document.'.
  After line 30 insert:
  ' (5) The director may not be compelled to produce an insurance
compliance self-evaluative audit document.'.
                         ----------