OAR 836-029-0015
Annual Reporting Requirements
(1)
Not later than March 1, a captive insurer authorized in this state shall file an annual report of its financial condition as of the immediately preceding December 31 with the Director of the Department of Consumer and Business Services. The report shall be verified by oath of two of its executive officers and shall be prepared using GAAP. The annual report may be filed electronically in accordance with directions from the director.(2)
An association captive insurer shall comply with the requirements of section 13, chapter 84, Oregon Laws 2012 when filing an annual report on the captive insurer’s financial condition.(3)
All captive insurers must use the "Captive Insurer Annual Statement Form” as set forth on the Insurance Division website of the Department of Consumer and Business Services at www.insurance.oregon.gov.(4)
The annual report required under section (1) of this rule must be accompanied by a management discussion and analysis that provides details of the captive’s financial condition, changes in financial condition and results of operations. The Management Discussion and analysis shall be prepared in accordance with annual statement instructions set forth on the Insurance Division website of the Department of Consumer and Business Services at www.insurance.oregon.gov and applicable to the required filing period as set forth in OAR 836-011-0000 (Annual Statement Blank and Instructions).(5)
The director may require a captive insurer to provide information applicable to its holding company systems covering activities for the preceding year.(6)
Upon request, the director may grant an extension of time for filing a report or document required under this rule.
Source:
Rule 836-029-0015 — Annual Reporting Requirements, https://secure.sos.state.or.us/oard/view.action?ruleNumber=836-029-0015.