Regulatory Alerts2003-01-01 | Bulletin 2003-5Oregon Insurance Division Bulletin 2003-5: Application of NAIC Manuals and Other Publications
Oregon Insurance Administrator Joel Ario issued Bulletin 2003-5 to affirm the Department's reliance on standards published by the National Association of Insurance Commissioners. The directive requires insurers to comply with the NAIC Accounting Practices and Procedures Manual and the Securities Valuation Office's Valuation of Securities manual. This mandate is authorized under Oregon Revised Statutes 705.135 and 733.210(2) to ensure consistent actuarial, accounting, and valuation practices.
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