OAR 836-011-0390
Foreign Insurers


(1)

A foreign insurer shall, upon the written request of the Director, submit to the Director an RBC report as of the end of the calendar year just ended on the later of:

(a)

The date by which an RBC report would be required to be filed by a domestic insurer under OAR 836-011-0300 (Statutory Authority; Statutes Implemented) to 836-011-0390 (Foreign Insurers); or

(b)

The 15th day after the request is received by the foreign insurer.

(2)

A foreign insurer shall, at the written request of the Director, promptly submit to the Director a copy of any RBC plan that is filed with the insurance commissioner of any other state.

(3)

In the event of a company action level event, regulatory action level event or authorized control level event with respect to any foreign insurer as determined under the statute or rule governing risk based capital reporting applicable in the state of domicile of the insurer (or, if no such statute or rule is in force in that state, under the provisions of OAR 836-011-0300 (Statutory Authority; Statutes Implemented) to 836-011-0390 (Foreign Insurers)), if the insurance commissioner of the state of domicile of the foreign insurer fails to require the foreign insurer to file an RBC plan in the manner specified under that state’s statute or rule governing risk-based capital reporting (or, if no such statute or rule is in force in that state, under 836-011-0320 (Company Action Level Event)), the Director may require the foreign insurer to file an RBC plan with the Director. In such event, the failure of the foreign insurer to file an RBC plan with the Director shall be grounds to order the insurer to cease and desist from writing new insurance business in this state.

(4)

In the event of a mandatory control level event with respect to any foreign insurer, if a domiciliary receiver has not been appointed with respect to the foreign insurer under the rehabilitation and liquidation statute applicable in the state of domicile of the foreign insurer, the Director may apply for an order under ORS 734.190 (Grounds for conservation of foreign and alien insurers) with respect to the conservation of property of foreign insurers found in this state, and the occurrence of the mandatory control level event shall be considered adequate grounds for the application under 734.150 (Grounds for rehabilitation of domestic insurers)(1) or (4).
836‑011‑0000
Annual Statement Blank and Instructions
836‑011‑0015
Property and Casualty Actuarial Opinion of Reserves and Supporting Documentation
836‑011‑0020
Definitions
836‑011‑0022
Filing Procedures
836‑011‑0024
Contents of Corporate Governance Annual Disclosure
836‑011‑0030
Own Risk and Solvency Assessment
836‑011‑0050
Requirements for Segregation of Premium Received for Coverage Not Eligible for Federal Subsidies
836‑011‑0100
Authority
836‑011‑0110
Definitions
836‑011‑0120
Filing and Extensions for Filing of Annual Audited Financial Reports
836‑011‑0130
Exemptions
836‑011‑0140
Contents of Annual Audited Financial Report
836‑011‑0150
Designation of Independent Certified Public Accountant
836‑011‑0160
Qualifications of Independent Certified Public Accountant
836‑011‑0170
Consolidated or Combined Audits
836‑011‑0180
Scope of Audit and Report of Independent Certified Public Accountant
836‑011‑0190
Notification of Adverse Financial Condition
836‑011‑0200
Communication of Internal Control Related Matters Noted in an Audit
836‑011‑0210
Accountant’s Letter of Qualifications
836‑011‑0220
Definition, Availability and Maintenance of Independent Certified Public Accountants Workpapers
836‑011‑0223
Requirements for Audit Committee
836‑011‑0224
Internal Audit Function Requirements
836‑011‑0225
Conduct of Insurer in Connection with the Preparation of Required Reports and Documents
836‑011‑0227
Management’s Report of Internal Control over Financial Reporting
836‑011‑0230
Canadian and British Companies
836‑011‑0235
Effective Dates
836‑011‑0250
Authority
836‑011‑0253
Definitions
836‑011‑0255
Reserve Adequacy
836‑011‑0258
Unallocated Reserve Account
836‑011‑0260
Distribution of Annual Financial Statement
836‑011‑0300
Statutory Authority
836‑011‑0305
Definitions
836‑011‑0310
RBC Reports
836‑011‑0320
Company Action Level Event
836‑011‑0330
Regulatory Action Level Event
836‑011‑0340
Authorized Control Level Event
836‑011‑0350
Mandatory Control Level Event
836‑011‑0360
Hearings
836‑011‑0380
Supplemental Provisions
836‑011‑0390
Foreign Insurers
836‑011‑0430
Scope and Authority
836‑011‑0440
Report
836‑011‑0450
Acquisitions and Dispositions of Assets
836‑011‑0460
Nonrenewals, Cancellations or Revisions of Ceded Reinsurance Agreements
836‑011‑0500
Application
836‑011‑0505
Definitions
836‑011‑0510
RBC Reports
836‑011‑0515
Company Action Level Event
836‑011‑0520
Regulatory Action Level Event
836‑011‑0525
Authorized Control Level Event
836‑011‑0530
Mandatory Control Level Event
836‑011‑0535
Hearings
836‑011‑0540
Supplemental Provisions
836‑011‑0545
Foreign Health Care Service Contractors
836‑011‑0600
Report on Services Provided by Expanded Practice Dental Hygienists
Last Updated

Jun. 8, 2021

Rule 836-011-0390’s source at or​.us