OAR 836-012-0000: Director's Authority

(1) OAR 836-012-0000 to 836-012-0110 are adopted pursuant to ORS 731.508 to 731.514, and general rulemaking authority under ORS 731.244. (2) OAR 836-012-0000 to 836-012-0110 are adopted for the purpose of establishing standards and procedural requirements that the director determines to be necessary and appropriate in the public interest for carrying out ORS 731.508 to 731.514, relating to credit for reinsurance, for the protection of the insurance-buying public and the ceding insurers in this state. (3) Form AR-1, Certificate of Assuming Insurer, Exhibit 1 to this rule, is adopted for purposes of OAR 836-012-0000 to 836-012-0110, when the use of the form is required by such rules. (4) Form ACR-1, Certificate of Assuming Certified Reinsurer, Exhibit 2 to this rule, is adopted for purposes of OAR 836-012-0000 to 836-012-0110, when the use of the form is required by such rules. (5) Form CR-F, Certificate For Property/Casualty Reinsurers, Exhibit 3 to this rule, is adopted for purposes of OAR 836-012-0000 to 836-012-0110, when the use of the form is required by such rules. (6) Form CR-S, Certificate For Life/Health Reinsurers, Exhibit 4 to this rule, is adopted for purposes of OAR 836-012-0000 to 836-012-0110, when the use of the form is required by such rules. (7) Form RJ-1, Certificate of Reinsurer Domiciled in Reciprocal Jurisdiction, Exhibit 5 to this rule, is adopted for purposes of OAR 836-012-0000 to 836-012-0110, when the use of the form is required by such rules. (8) If any provision of this regulation, or the application of the provision to any person or circumstance, is held invalid, the remainder of the regulation, and the application of the provision to persons or circumstances other than those to which it is held invalid, shall not be affected. [ED. NOTE: To view attachments referenced in rule text, click here to view rule.]