A domestic insurer shall not enter into a securities lending transaction if, as a result of and after giving effect to the transaction:
- (1) The aggregate amount of securities then loaned to any one borrower would exceed five percent of its admitted assets; or
- (2) The aggregate amount of all securities then loaned to all borrowers would exceed 40 percent of its admitted assets.
Statutory/Other Authority
ORS 731.244 & 733.510
Statutes/Other Implemented
ORS 733.510
History
ID 4-2000, f. & cert. ef. 5-11-00