Or. Admin. Code § 836-027-0340

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

Section 836-027-0340 - Agreement with Agent as Alternative to Written Agreement

As an alternative to a written agreement between a domestic insurer and the borrower described in OAR 836-027-0330, the insurer may enter into an agreement with an agent acting on behalf of the insurer, if the agent is a qualified business entity and if the agreement:

(1) Requires the agent to enter into separate agreements with each borrower that are consistent with the requirements of OAR 836-027-0330; and

(2) Prohibits securities lending transactions pursuant to the agreement with the agent or its affiliates.

Or. Admin. Code § 836-027-0340

Stat. Auth.: ORS 731.244 & ORS 733.510

Stats. Implemented: ORS 733.510