OAR 836-024-0105: Definitions

As used in OAR 836-024-0100 to 836-024-0220: (1) “Class” means all securities of an insurer that are of substantially similar character and in which the holders enjoy substantially similar rights and privileges. (2) “Equity security” as defined in ORS 732.420 also includes any voting trust certificate or certificate of deposit for an equity security. (3) “Officer” means a president, vice president, treasurer, actuary, secretary, controller and any other person who performs functions for the insurer corresponding to functions performed by those officers.