Regulatory Alerts1999-09-01 | Bulletin 99-5Added · Updated
Bulletin INS 99-5: Addendum to Bulletin INS 97 – Life Insurance and Annuity Provisions Relating to Payment of Taxes
The Oregon Insurance Division issued Bulletin INS 99-5 to provide guidelines for life insurers regarding the recovery of state premium taxes following the 1997 statutory change. The addendum permits newly issued policies to include a Tax Charge Back, offering options for state-specific charges based on the insurer's domicile or a uniform nationalized average rate. Insurers must disclose these rates on the policy schedule and may use specific endorsements to replace or delete references to premium taxes in both new filings and previously approved forms.
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