Or. Admin. Code § 410-141-5135 - ASSET VALUATION AND PERMITTED INVESTMENTS: Personal Property; Protection of Investment Property; Custom
(1) A CCO may acquire and retain personal
property received as a dividend, gift or devise, or pursuant to a lawful plan
of merger, consolidation or reorganization or bona fide agreement of bulk
reinsurance, or in satisfaction or liquidation of an obligation, or in exchange
or part payment for real or personal property previously owned or to protect or
enhance such property.
(2) A CCO
may make purchases or loan sums necessary to protect, preserve or enhance
investment property, real or personal, which it is otherwise authorized to
acquire or hold.
(3) The Authority
shall allow as assets in any determination of the financial condition of the
CCO only such property or investments acquired or retained under this section
as are consistent with the customary operations of a CCO.
Notes
Statutory/Other Authority: ORS 413.042, 414.572, 414.591 & 414.605
Statutes/Other Implemented: ORS 414.570-414.686 & 415.001-415.430
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