OAR 836-027-0340: Agreement with Agent as Alternative to Written Agreement

As an alternative to a written agreement between a domestic insurer and the borrower described in OAR 836-027-0330, the insurer may enter into an agreement with an agent acting on behalf of the insurer, if the agent is a qualified business entity and if the agreement: (1) Requires the agent to enter into separate agreements with each borrower that are consistent with the requirements of OAR 836-027-0330; and (2) Prohibits securities lending transactions pursuant to the agreement with the agent or its affiliates.