Department of Consumer and Business Services
Insurance Regulation - Chapter 836
Division 31
ACCOUNTING AND INVESTMENTS (ORS CHAPTER 733); REHABILITATION AND LIQUIDATION OF INSURERS (ORS CHAPTER 734)
836-031-0750
Purpose, Authority and Applicability
(1) The purpose of OAR 836-031-0750 to 836-031-0775 is to provide:
(a) Tables of select mortality factors and rules for their use;
(b) A minimum standard for the valuation of plans with nonlevel premiums or benefits; and
(c) A minimum standard for the valuation of plans with secondary guarantees.
(2) The method for calculating basic reserves defined in OAR 836-031-0750 to 836-031-0775 constitutes the Commissioners’ Reserve Valuation Method for policies to which 836-031-0750 to 836-031-0775 apply.
(3) OAR 836-031-0750 to 836-031-0775 are adopted under the rulemaking authority of ORS 731.244 for the purpose of implementing 733.030.
Statutory/Other Authority: ORS 731.244
Statutes/Other Implemented: ORS 733.030, 733.210 & 733.300 - 733.322
History:
ID 7-1999, f. 12-29-99, cert. ef. 1-1-00