OAR 836-033-0110: “Amply Secured Obligations” Defined

In addition to those obligations referred to in ORS 733.550(1) and (2), an “amply secured obligation” is one that is eligible for amortization within the requirements adopted by the Subcommittee on Valuation of Securities of the National Association of Insurance Commissioners and published in “Valuations of Securities as of December 31, 1975.” An obligation that meets the requirements adopted by the Subcommittee on Valuation of Securities and set out in its most recent publication on “Valuation of Securities” will be considered within the requirements of this section. [Publications: Publications referenced are available from the agency.]