OAR 836-050-0020: Notice of Rejection

A policyholder or certificate holder who elects to reject the transfer and novation of the policy under an assumption reinsurance agreement to which ORS 742.150 applied must give notice indicating rejection to the transferring insurer on a pre-addressed, postage-paid response card provided by the transferring insurer in the notice of transfer as required in OAR 836-050-0010 and Exhibit 1 to that rule, or in another written notice by the policyholder or certificate holder. [ED. NOTE: Exhibits referenced are available from the agency.]