OAR 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.