(1) Except as provided in subsection (2) of this section, information that is not material for the purposes of registration under ORS 732.517 to 732.596 need not be disclosed on the registration statement filed pursuant to ORS 732.552. Unless the Director of the Department of Consumer and Business Services by rule or order provides otherwise, sales, purchases, exchanges, loans or extensions of credit, investments or guarantees involving one-half of one percent or less of an insurers admitted assets as of the December 31 next preceding the date of the registration statement or amendment are not material for purposes of registration under ORS 732.517 to 732.596. (2) A determination under subsection (1) of this section as to whether a sale, purchase, exchange, loan, extension of credit investment or guarantee is material for the purposes of registration does not apply to the registration statement, or elsewhere, for purposes of a group capital calculation or a test in accordance with the NAIC liquidity stress test framework, unless the director provides otherwise by rule or order. [Formerly 732.635; 2025 c.174 2]
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