OAR 836-080-0125: Prohibited Representations Regarding Participation Rights

Prior to the declaration of a dividend, an insurer shall not represent, orally or in writing, that the insurer agrees or will agree: (1) To pay a specified amount as a dividend; or (2) To a formula that fixes, or to factors that fix or can be used to fix: (a) The amount of a dividend; (b) The percentage of premium that will be paid as a dividend; or (c) The amount or percentage of premium to be retained by the insurer after payment of dividends.