1. (1) The purpose of OAR 836-031-0750 to 836-031-0775 is to provide:

   1. (a) Tables of select mortality factors and rules for their use;
   2. (b) A minimum standard for the valuation of plans with nonlevel premiums or benefits; and
   3. (c) A minimum standard for the valuation of plans with secondary guarantees.
2. (2) The method for calculating basic reserves defined in OAR 836-031-0750 to 836-031-0775 constitutes the Commissioners’ Reserve Valuation Method for policies to which 836-031-0750 to 836-031-0775 apply.
3. (3) OAR 836-031-0750 to 836-031-0775 are adopted under the rulemaking authority of ORS 731.244 for the purpose of implementing 733.030.

Statutory/Other Authority

ORS 731.244

Statutes/Other Implemented

ORS 733.030, 733.210 & 733.300 - 733.322

History

ID 7-1999, f. 12-29-99, cert. ef. 1-1-00