Or. Admin. Code § 836-050-0020

Current through Register Vol. 63, No. 12, December 1, 2024
Section 836-050-0020 - Notice of Rejection

A policyholder or certificate holder who elects to reject the transfer and novation of the policy under an assumption reinsurance agreement to which ORS 742.150 applied must give notice indicating rejection to the transferring insurer on a pre-addressed, postage-paid response card provided by the transferring insurer in the notice of transfer as required in OAR 836-050-0010 and Exhibit 1 to that rule, or in another written notice by the policyholder or certificate holder.

Or. Admin. Code § 836-050-0020

ID 4-1996, f. & cert. ef. 2-28-96; ID 15-2006, f. & cert. ef. 7-27-06

Exhibits referenced are available from the agency.

Stat. Auth.: ORS 731.244, 742.156, 742.158

Stats. Implemented: ORS 742.156, 742.158