Oregon Administrative Rules
Chapter 836 - DEPARTMENT OF CONSUMER AND BUSINESS SERVICES, INSURANCE REGULATION
Division 27 - DOMESTIC INSURERS; ORGANIZATION; CORPORATE PROCEDURES
Section 836-027-0025 - Disclaimers and Termination of Registration
Universal Citation: OR Admin Rules 836-027-0025
Current through Register Vol. 63, No. 9, September 1, 2024
(1) A disclaimer of affiliation or a request for termination of registration claiming that a person does not, or will not upon the taking of some proposed action, control another person (referred to as the "subject" in this section) shall contain:
(a) The number of authorized, issued and
outstanding voting securities of the subject;
(b) With respect to the person whose control
is denied and all affiliates of such person, the number and percentage of
shares of the subject's voting securities that are held of record or known to
be beneficially owned, and the number of such shares concerning which there is
a right to acquire, directly or indirectly;
(c) All material relationships and bases for
affiliation between the subject and the person whose control is denied and all
affiliates of such person; and
(d)
A statement explaining why such person should not be considered to control the
subject.
(2) A request for termination of registration shall be considered granted unless the Director, within ten days after the Director receives the request, notifies the registrant otherwise.
Stat. Auth.: ORS 731 & ORS 732.705
Stats. Implemented: ORS 732.558 & ORS 732.568
Disclaimer: These regulations may not be the most recent version. Oregon may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
