Or. Admin. R. 410-141-5230 - REPORTING AND APPROVAL OF CERTAIN TRANSACTIONS: Reports of Material Acquisitions And Dispositions Of Assets, and Changes to Ceded Reinsurance Agreements; Assumption Reinsurance
Current through Register Vol. 60, No. 12, December 1, 2021
(1)
Every CCO shall file a report with the Authority disclosing material
acquisitions and dispositions of assets or material nonrenewals, cancellations
or revisions of ceded reinsurance agreements unless the subject transaction has
been submitted to the Authority for review, approval or information under or
pursuant to another provision of Applicable Law.
(2) The report required in subsection (1) is
due no later than the 15th day following the end of the calendar month in which
any of the reportable transaction occurred.
(3) A CCO shall not enter a transaction in
which the CCO assumes or transfers obligations or risks on contracts under an
Assumption Reinsurance Agreement or any equivalent agreement, unless the
Authority first approves the transaction.
Notes
Statutory/Other Authority: ORS 413.042, 414.615, 414.625, 414.635 & 414.651
Statutes/Other Implemented: ORS 414.610 - 414.685
The following state regulations pages link to this page.
State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More comparison features will be added as we have more versions to compare.