Oregon § 742.154 Factors to be considered by director in determining whether to approve assumption reinsurance agreement

Oregon Statutes

§ 742.154 — Factors to be considered by director in determining whether to approve assumption reinsurance agreement

Oregon § 742.154

Vol.18

Title 56Insurance

Ch. 742Insurance Policies Generally; Property and Casualty Policies

This text of Oregon § 742.154 (Factors to be considered by director in determining whether to approve assumption reinsurance agreement) is published on Counsel Stack Legal Research, covering Oregon primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Or. Rev. Stat. § 742.154 (2026).

Text

The Director of the Department of Consumer and Business Services shall consider the following factors, along with other factors that the director determines to be appropriate, in reviewing a request for approval of an assumption reinsurance agreement to which ORS 742.150 applies:

(1)The financial condition of the transferring and assuming insurers and the effect the transaction will have on the financial condition of each insurer.

(2)The competence, experience and integrity of the persons controlling the operation of the assuming insurer.

(3)The plans or proposals of the assuming party with respect to the administration of the policies subject to the proposed transfer.

(4)Whether the transfer is fair and reasonable to the policyholders of both insurers.

(5)Whether the notice of transf

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The Director of the Department of Consumer and Business Services shall consider the following factors, along with other factors that the director determines to be appropriate, in reviewing a request for approval of an assumption reinsurance agreement to which ORS 742.150 applies:
(1) The financial condition of the transferring and assuming insurers and the effect the transaction will have on the financial condition of each insurer.
(2) The competence, experience and integrity of the persons controlling the operation of the assuming insurer.
(3) The plans or proposals of the assuming party with respect to the administration of the policies subject to the proposed transfer.
(4) Whether the transfer is fair and reasonable to the policyholders of both insurers.
(5) Whether the notice of transfer to be provided by the insurer under ORS 742.156 is fair, adequate and not misleading.