For purposes of an insurer’s statutory financial statement filings, each insurer subject to OAR 836-012-0300 to 836-012-331 shall reduce to zero any reserve credits or assets established with respect to reinsurance agreements entered into prior to November 9, 1995 that, under the provisions of OAR 836-012-0300 to 836-012-331 as amended, would not be entitled to recognition of the reserve credits or assets.

Statutory/Other Authority

ORS 731.244 & 731.508

Statutes/Other Implemented

ORS 731.508(6)

History

ID 4-2010, f. & cert. ef. 2-5-10