Or. Admin. Code § 836-080-0125

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

Section 836-080-0125 - Prohibited Representations Regarding Participation Rights

Prior to the declaration of a dividend, an insurer shall not represent, orally or in writing, that the insurer agrees or will agree:

(1) To pay a specified amount as a dividend; or

(2) To a formula that fixes, or to factors that fix or can be used to fix:

(a) The amount of a dividend;

(b) The percentage of premium that will be paid as a dividend; or

(c) The amount or percentage of premium to be retained by the insurer after payment of dividends.

Or. Admin. Code § 836-080-0125

IC 69, f. & ef. 7-20-76

Stat. Auth.: ORS 731 & ORS 746

Stats. Implemented: ORS 746.015(1), ORS 746.075, ORS 746.160(3) & ORS 746.240