Or. Admin. Code § 836-027-0340 - Agreement with Agent as Alternative to Written Agreement
As an alternative to a written agreement between a domestic insurer and the borrower described in OAR 836-027-0330, the insurer may enter into an agreement with an agent acting on behalf of the insurer, if the agent is a qualified business entity and if the agreement:
(1) Requires the agent to enter into separate
agreements with each borrower that are consistent with the requirements of OAR
836-027-0330; and
(2) Prohibits securities lending transactions
pursuant to the agreement with the agent or its affiliates.
Notes
Stat. Auth.: ORS 731.244 & ORS 733.510
Stats. Implemented: ORS 733.510
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