Or. Admin. Code § 836-031-0605

Current through Register Vol. 63, No. 11, November 1, 2024

Section 836-031-0605 - Valuation Manual

(1) For the purpose of complying with Oregon Laws 2015, chapter 547, insurers shall use the Valuation Manual established by the National Association of Insurance Commissioners when establishing reserves using a principle-based valuation. The operative date of the Valuation Manual, as specified under Oregon Laws 2015, chapter 547, section 16(2) is January 1, 2017. The Valuation Manual referred to in this rule is available for inspection at the Department of Consumer and Business Services.

(2) The director shall specify the effective date of any amendments to the Valuation Manual by decision posted under insurer financial regulation on the department's Division of Financial Regulation website at dfr.oregon.gov.

ID 11-2016, f. & cert. ef. 12/21/2016; ID 13-2017, amend filed 12/14/2017, effective 12/14/2017; ID 37-2018, amend filed 12/19/2018, effective 1/1/2019; ID 1-2019, amend filed 01/04/2019, effective 1/4/2019; ID 11-2019, amend filed 12/19/2019, effective 1/1/2020; ID 8-2021, amend filed 12/13/2021, effective 1/1/2022

Statutory/Other Authority: ORS 731.244, Or Laws 2015, ch 547, sec 16 & ORS 733.210

Statutes/Other Implemented: Or Laws 2015, ch 547