OAR 836-031-0410
Title Insurance Unearned Premium Reserve


(1)

For the purpose of implementing ORS 733.090 (Unearned premium reserve and fund for title insurance)(2), the amount of the unearned premium reserve shall be determined as follows for each foreign or alien title insurer relating to policies insuring titles to real property in this state and for each domestic title insurer relating to all of its policies insuring titles to real property:

(a)

Three percent of all gross premiums on title insurance policies issued by it during the preceding 15 years and prior to January 1, 2002; plus

(b)

A percentage of all gross premiums on title insurance policies issued by it during the current calendar year as determined from section (2) of this rule; less

(c)

Percentage portions of reserve additions for each calendar year following January 1, 2002 and preceding the current calendar year, as specified by the Director.

(2)

The percentage of premium for reserve additions in subsection (b) of section (1) of this rule shall be as follows:

(a)

Three percent for calendar year 2002.

(b)

Four percent for calendar year 2003.

(c)

Five percent for calendar year 2004.

(d)

Six percent for calendar year 2005.

(e)

Six and one-half percent for calendar year 2006.

(f)

Seven percent for calendar year 2007 and for each calendar year thereafter.

(3)

The portion of the unearned premium reserve of a foreign insurer relating to its policies insuring real property located elsewhere shall be not less than the amounts prescribed or permitted by the laws of the insurer’s domicile.

(4)

This rule applies to all reporting periods beginning on and after January 1, 2002.

Source: Rule 836-031-0410 — Title Insurance Unearned Premium Reserve, https://secure.­sos.­state.­or.­us/oard/view.­action?ruleNumber=836-031-0410.

836‑031‑0200
Scope, Authority
836‑031‑0210
Definitions, Application and Explanation of Technical Terms Used
836‑031‑0220
Principles Governing Reserves
836‑031‑0230
Claim Reserves
836‑031‑0240
Premium Reserves
836‑031‑0250
Contract Reserves
836‑031‑0260
Reinsurance
836‑031‑0270
Specific Standards for Morbidity
836‑031‑0280
Specific Standards for Interest
836‑031‑0290
Specific Standards for Mortality
836‑031‑0300
Reserves for Waiver of Premium
836‑031‑0400
Allowed Assets
836‑031‑0410
Title Insurance Unearned Premium Reserve
836‑031‑0600
Purpose
836‑031‑0605
Valuation Manual
836‑031‑0610
Authority
836‑031‑0620
Scope
836‑031‑0630
Definitions
836‑031‑0640
General Requirements
836‑031‑0670
Statement of Actuarial Opinion Based On an Asset Adequacy Analysis
836‑031‑0680
Description of Actuarial Memorandum Including an Asset Adequacy Analysis and Regulatory Asset Adequacy Summary
836‑031‑0690
Additional Considerations for Analysis
836‑031‑0750
Purpose, Authority and Applicability
836‑031‑0755
Applicability
836‑031‑0760
Definitions
836‑031‑0765
General Calculation Requirements for Basic Reserves and Premium Deficiency Reserves
836‑031‑0770
Calculation of Minimum Valuation Standard for Policies with Guaranteed Nonlevel Gross Premiums or Guaranteed Nonlevel Benefits (Other than Universal Life Policies)
836‑031‑0775
Calculation of Minimum Valuation Standard for Flexible Premium and Fixed Premium Universal Life Insurance Policies that Contain Provisions Resulting in the Ability of a Policyowner to Keep a Policy in Force Over a Secondary Guarantee Period
836‑031‑0800
Purpose, authority
836‑031‑0805
Definitions
836‑031‑0810
2001 CSO Preferred Class Structure Table
836‑031‑0815
Conditions
836‑031‑0855
Recoupment of Assessments by Oregon Insurance Guaranty Association
Last Updated

Jun. 8, 2021

Rule 836-031-0410’s source at or​.us