OAR 836-012-0000
Director’s Authority
(1)
OAR 836-012-0000 (Director’s Authority) to 836-012-0110 (Contracts Affected) are adopted pursuant to ORS 731.508 (Approved reinsurance) to 731.511 (Criteria to be met by assuming insurer in order to be accredited as reinsurer), and general rulemaking authority under ORS 731.244 (Rules).(2)
OAR 836-012-0000 (Director’s Authority) to 836-012-0110 (Contracts Affected) are adopted for the purpose of establishing standards and procedural requirements that the director determines to be necessary and appropriate in the public interest for carrying out ORS 731.508 (Approved reinsurance) to 731.511 (Criteria to be met by assuming insurer in order to be accredited as reinsurer), relating to credit for reinsurance, for the protection of the insurance-buying public and the ceding insurers in this state.(3)
Form AR-1, Certificate of Assuming Insurer, Exhibit 1 to this rule, is adopted for purposes of OAR 836-012-0000 (Director’s Authority) to 836-012-0110 (Contracts Affected), when the use of the form is required by such rules.(4)
Form ACR-1, Certificate of Assuming Certified Reinsurer, Exhibit 2, to this rule, is adopted for purposes of OAR 836-012-0000 (Director’s Authority) to 836-012-0110 (Contracts Affected), when the use of the form is required by such rules.(5)
Form CR-F, Certificate For Property/Casualty Reinsurers, Exhibit 3, to this rule, is adopted for purposes of OAR 836-012-0000 (Director’s Authority) to 836-012-0110 (Contracts Affected), when the use of the form is required by such rules.(6)
Form CR-S Certificate For Life/Health Reinsurers, Exhibit 4, to this rule, is adopted for purposes of OAR 836-012-0000 (Director’s Authority) to 836-012-0110 (Contracts Affected), when the use of the form is required by such rules.(7)
If any provision of this regulation, or the application of the provision to any person or circumstance, is held invalid, the remainder of the regulation, and the application of the provision to persons or circumstances other than those to which it is held invalid, shall not be affected.
Source:
Rule 836-012-0000 — Director's Authority, https://secure.sos.state.or.us/oard/view.action?ruleNumber=836-012-0000.