Oregon Administrative Rules
Chapter 836 - DEPARTMENT OF CONSUMER AND BUSINESS SERVICES, INSURANCE REGULATION
Division 24 - DOMESTIC INSURERS; ORGANIZATION; CORPORATE PROCEDURES
Section 836-024-0105 - Definitions

Universal Citation: OR Admin Rules 836-024-0105

Current through Register Vol. 63, No. 9, September 1, 2024

As used in OAR 836-024-0100 to 836-024-0220:

(1) "Class" means all securities of an insurer that are of substantially similar character and in which the holders enjoy substantially similar rights and privileges.

(2) "Equity security" as defined in ORS 732.420 also includes any voting trust certificate or certificate of deposit for an equity security.

(3) "Officer" means a president, vice president, treasurer, actuary, secretary, controller and any other person who performs functions for the insurer corresponding to functions performed by those officers.

Stat. Auth.: ORS 731.244, 732.420, 732.455

Stats. Implemented: ORS 732.420, 732.425, 732.430, 732.435, 732.440

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