OAR 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 (Agreement with Borrower), 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 (Agreement with Borrower); and

(2)

Prohibits securities lending transactions pursuant to the agreement with the agent or its affiliates.

Source: Rule 836-027-0340 — Agreement with Agent as Alternative to Written Agreement, https://secure.­sos.­state.­or.­us/oard/view.­action?ruleNumber=836-027-0340.

Last Updated

Jun. 8, 2021

Rule 836-027-0340’s source at or​.us