Or. Admin. Code § 836-027-0120

Current through Register Vol. 64, No. 1, January 1, 2025

Section 836-027-0120 - Acquisition of Certain Persons Considered to Be Insurers

(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.

ID 8-1993, f. & cert. ef. 9-23-93; ID 15-1996, f. & cert. ef. 11-12-96

Stat. Auth.: ORS 732.705

Stats. Implemented: ORS 732.517 - ORS 732.592