Oregon Administrative Rules
Chapter 836 - DEPARTMENT OF CONSUMER AND BUSINESS SERVICES, INSURANCE REGULATION
Division 80 - TRADE PRACTICES
Section 836-080-0125 - Prohibited Representations Regarding Participation Rights
Universal Citation: OR Admin Rules 836-080-0125
Current through Register Vol. 63, No. 12, December 1, 2024
Prior to the declaration of a dividend, an insurer shall not represent, orally or in writing, that the insurer agrees or will agree:
(1) To pay a specified amount as a dividend; or
(2) To a formula that fixes, or to factors that fix or can be used to fix:
(a)
The amount of a dividend;
(b) The
percentage of premium that will be paid as a dividend; or
(c) The amount or percentage of premium to be
retained by the insurer after payment of dividends.
Stat. Auth.: ORS 731 & ORS 746
Stats. Implemented: ORS 746.015(1), ORS 746.075, ORS 746.160(3) & ORS 746.240
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