Or. Admin. Code § 836-031-0280 - Specific Standards for Interest
(1) For contract reserves, the maximum
interest rate is the maximum rate permitted by law in the valuation of whole
life insurance issued on the same date as the health insurance
contract.
(2) For claim reserves on
policies that require contract reserves, the maximum interest rate is the
maximum rate permitted by law in the valuation of whole life insurance issued
on the same date as the claim incurral date.
(3) For claim reserves on policies not
requiring contract reserves, the maximum interest rate is the maximum rate
permitted by law in the valuation of single premium immediate annuities issued
on the same date as the claim incurral date, reduced by one hundred basis
points.
Notes
Stat. Auth.: ORS 731.244 & ORS 733.080
Stats. Implemented: ORS 733.080
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