Or. Admin. Code § 836-031-0750

Current through Register Vol. 63, No. 12, December 1, 2024

Section 836-031-0750 - Purpose, Authority and Applicability

(1) The purpose of OAR 836-031-0750 to 836-031-0775 is to provide:

(a) Tables of select mortality factors and rules for their use;

(b) A minimum standard for the valuation of plans with nonlevel premiums or benefits; and

(c) A minimum standard for the valuation of plans with secondary guarantees.

(2) The method for calculating basic reserves defined in OAR 836-031-0750 to 836-031-0775 constitutes the Commissioners' Reserve Valuation Method for policies to which 836-031-0750 to 836-031-0775 apply.

(3) OAR 836-031-0750 to 836-031-0775 are adopted under the rulemaking authority of ORS 731.244 for the purpose of implementing 733.030

Or. Admin. Code § 836-031-0750

ID 7-1999, f. 12-29-99, cert. ef. 1-1-00

Stat. Auth.: ORS 731.244

Stats. Implemented: ORS 733.030, 733.210 & 733.300 - 733.322