Payment of contract costs by authority and by employee; multiple contracts; qualification of insurer or hospital association.

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  2. Oregon Revised Statutes
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  5. Payment of contract costs by authority and by employee; multiple contracts; qualification of insurer or hospital association.

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(2) The authority may negotiate more than one contract with one or more companies or associations if necessary to obtain optimum coverage at minimum cost.

(3) No premium or other periodic charge on any insurance or service contract shall be paid unless the insurer or hospital association issuing such policy or contract is authorized to transact business as an insurance company or hospital association in this state. [1973 c.399 §9]


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