Pursuant to ORS 731.511, the director shall allow credit for reinsurance ceded by a domestic insurer to an assuming insurer not meeting the requirements of ORS 731.509(4), (5), (6) or (7), or other appropriate provisions contained in ORS 731.510 to 731.511, but only as to the insurance of risks located in jurisdictions where the reinsurance is required by the applicable law or regulation of that jurisdiction. As used in this rule, "jurisdiction" means any state, district or territory of the United States and any lawful national government.

Statutory/Other Authority

ORS 731.508 - 731.511 & 731.244

Statutes/Other Implemented

ORS 731.508 - 731.511 & Or Laws 2019, ch 151

History

ID 13-2019, amend filed 12/19/2019, effective 01/01/2020
ID 22-2002, f. & cert. ef. 11-27-02
ID 15-1996, f. & cert. ef. 11-12-96
ID 8-1993, f. & cert. ef. 9-23-93