SUMMARY: ADOPT: 836-080-0195 This rule exercises the opt-out provisions of the Interstate Insurance Product Regulation Compact (Compact). The director of the Department of Consumer and Business Services considered and found the protections offered to Oregon residents from following Compact Uniform Standards are not adequate:
1) Standards for Individual Deferred Index Linked Variable Annuity Contracts; and
2) Additional Standards for Market Value Adjustment Feature for Modified Guaranteed Annuities and Index-Linked Variable Annuities.
DATE: 06/23/2025
TIME: 9:00 AM - 9:30 AM
LAST DAY TO OFFER COMMENT: 06/30/2025 5:00 PM
ANTICIPATED ADOPTION DATE: 08/1/2025
NOTICE OF PROPOSED RULEMAKING
Rulemaking Advisory Committee