Or. Admin. Code § 409-070-0065 - Conditional Approval; Suspension of Proposed Material Change Transaction
(1) Following completion of a preliminary
review pursuant to OAR
409-070-0055 or a comprehensive
review pursuant to OAR
409-070-0060, which may include
the appointment of a community review board pursuant to OAR
409-070-0062, the Authority may
approve, or recommend for approval, a material change transaction with
conditions designed to further the purposes and goals described in OAR
409-070-0000.
(2) If the Authority approves a material
change transaction with conditions as set forth in paragraph (1) of this rule,
the Authority may suspend, or in the case of transaction involving a domestic
insurer recommend that the Department suspend, the effective date of the
transaction for such reasonable time as necessary to conduct an examination and
complete an analysis of whether the conditions have been satisfied.
Notes
Statutory/Other Authority: ORS 415.501
Statutes/Other Implemented: ORS 415.500 - 415.900
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