Filing requirements
Effective Jan. 1, 2004, Oregon adopted
the 2001 CSO Mortality Tables for life products. See OAR
836-051-0106.
Paper filings – Insurers updating prior
approved policies and riders with the new table will need to file
the following:
- Two copies of the policy/rider with a revision date added to the
cover page of the policy/rider submitted. Or a complete new form
number may be assigned.
- Highlight changes in one copy of the form. To limit review to
the highlighted changes, only the mortality table references and
the updated Table of Values can be changed.
- Complete only the Actuarial portion of the Product Standards.
- Submit an updated actuarial memorandum
- Two copies of an accurate NAIC Transmittal Form.
- A completed and signed Certificate of Compliance.
See the following website for forms: http://dfr.oregon.gov/rates-forms/life/Pages/life.aspx.
SERFF filings – Insurers updating prior
approved policies and riders with the new table will need to file
the following:
- A copy of the policy/rider with a revision date added to the cover
page of the policy/rider submitted. Or a complete new form number
may be assigned.
- Highlight changes in one copy of the form. To limit review to
the highlighted changes, only the mortality table references and
the updated Table of Values can be changed.
- Complete only the Actuarial portion of the Product Standards.
- Submit an updated actuarial memorandum.
- A completed and signed Certificate of Compliance.
See the following website for forms: http://dfr.oregon.gov/rates-forms/life/Pages/life.aspx.