Oregon Administrative Rules
Chapter 836 - DEPARTMENT OF CONSUMER AND BUSINESS SERVICES, INSURANCE REGULATION
Division 27 - DOMESTIC INSURERS; ORGANIZATION; CORPORATE PROCEDURES
Section 836-027-0120 - Acquisition of Certain Persons Considered to Be Insurers

Universal Citation: OR Admin Rules 836-027-0120

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

(1) If the person being acquired is considered to be a "domestic insurer" solely because of the definition of "domestic insurer" in ORS 732.518, the name of the domestic insurer on the cover page shall be indicated as follows: "ABC Insurance Company, a subsidiary of XYZ Holding Company."

(2) When a person who is considered to be a "domestic insurer" solely because of the definition of "domestic insurer" in ORS 732.518, is being acquired, references to "the insurer" contained in Form A shall refer to both the domestic subsidiary insurer and the person being acquired.

Stat. Auth.: ORS 732.705

Stats. Implemented: ORS 732.517 - ORS 732.592

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