(2) As part of the annual statement required by subsection (1) of this section, on or before March 1, each society shall file with the director a valuation of its certificates in force on December 31 last preceding. The director may extend the time for filing the valuation for not more than two calendar months. The valuation shall be done in accordance with the standards specified in ORS 748.403. The valuation and underlying data shall be certified by a qualified actuary or, at the expense of the society, verified by the actuary of the department of insurance of the state of domicile of the society. [1987 c.490 §27; 1991 c.182 §14]
Structure 2021 Oregon Revised Statutes
Volume : 18 - Financial Institutions, Insurance
Chapter 748 - Fraternal Benefit Societies
Section 748.103 - Definitions.
Section 748.109 - Conditions constituting "operating on a lodge system."
Section 748.112 - Conditions constituting "representative form of government."
Section 748.121 - Purposes, operation and powers.
Section 748.123 - Membership; eligibility; admission process; privileges.
Section 748.130 - Principal office; publications; annual statement synopsis; complaints.
Section 748.142 - Amendment of society laws.
Section 748.144 - Creation and operation of other organizations and entities.
Section 748.148 - Consolidation and merger.
Section 748.171 - Certificate of authority.
Section 748.174 - Certificate of authority for foreign or alien society.
Section 748.184 - Reinsurance.
Section 748.204 - Beneficiaries.
Section 748.211 - Benefit contract; certificate.
Section 748.309 - Group membership; lodges.
Section 748.316 - Payments for group benefits.
Section 748.401 - Value of benefit and amount of options.
Section 748.403 - Standards of valuation for certificates.
Section 748.406 - Financial statement; filing; fee; valuation.
Section 748.409 - Assets of society; variable contracts.
Section 748.501 - Examination.
Section 748.601 - Exemptions from chapter.