OAR 836-031-0620
Scope

(1)

OAR 836-031-0600 (Purpose) to 836-031-0690 (Additional Considerations for Analysis) apply to all life insurers transacting insurance in this state and to all life insurers that are authorized to reinsure life insurance, annuities or health insurance business in this state OAR 836-031-0600 (Purpose) to 836-031-0690 (Additional Considerations for Analysis) shall be applied in a manner that allows the appointed actuary to utilize his or her professional judgment in performing the asset analysis and developing the actuarial opinion and supporting memoranda, consistent with relevant actuarial standards and practices. However, the director may specify specific methods of actuarial analysis and actuarial assumptions when, in the director’s judgment, these specifications are necessary for an acceptable opinion to be rendered relative to the adequacy of reserves and related items.

(2)

OAR 836-031-0600 (Purpose) to 836-031-0690 (Additional Considerations for Analysis) shall be applicable to all annual statements filed with the office of the director after the effective date of this change to OAR 836-031-0600 (Purpose) to 836-031-0690 (Additional Considerations for Analysis). A statement of opinion on the adequacy of the reserves and related actuarial items based on an asset adequacy analysis in accordance with 836-031-0670 (Statement of Actuarial Opinion Based On an Asset Adequacy Analysis) and a memorandum in support thereof in accordance with 836-031-0680 (Description of Actuarial Memorandum Including an Asset Adequacy Analysis and Regulatory Asset Adequacy Summary) are required each year.

Source: Rule 836-031-0620 — Scope, https://secure.­sos.­state.­or.­us/oard/view.­action?ruleNumber=836-031-0620.

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 836-031-0620’s source at or​.us