OAR 836-031-0630
Definitions

As used in OAR 836-031-0600 (Purpose) to 836-031-0690 (Additional Considerations for Analysis):

(1)

“Actuarial Opinion” means the opinion of an appointed actuary regarding 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 with currently accepted actuarial standards;

(2)

“Actuarial Standards Board” is the board established by the American Academy of Actuaries to develop and promulgate standards of actuarial practice.

(3)

“Annual Statement” means that statement required by ORS 731.574 (Annual financial statement) of the Insurance Code to be filed by the company with the Director annually.

(4)

“Appointed Actuary” means any individual who is appointed or retained in accordance with the requirements set forth in OAR 836-031-0640 (General Requirements)(3) to provide the actuarial opinion and supporting memorandum as required by ORS 733.304 (Opinion of actuary).

(5)

“Asset Adequacy Analysis” means an analysis that meets the standards and other requirements referred to in OAR 836-031-0640 (General Requirements)(4).

(6)

“Company” means a life insurance company or reinsurer subject to the provisions of OAR 836-031-0600 (Purpose) to 836-031-0690 (Additional Considerations for Analysis).

(7)

“Qualified Actuary” means any individual who meets the requirements set forth in OAR 836-031-0640 (General Requirements)(2).

Source: Rule 836-031-0630 — Definitions, https://secure.­sos.­state.­or.­us/oard/view.­action?ruleNumber=836-031-0630.

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 836-031-0630’s source at or​.us