Oregon Administrative Rules › Chapter 410 - OREGON HEALTH AUTHORITY, HEALTH SYSTEMS DIVISION: MEDICAL ASSISTANCE PROGRAMS › Division 141 - OREGON HEALTH PLAN › Section 410-141-5295 - CCO HOLDING COMPANY REGULATION: Form and Contents of Registration Statement

Current through Register Vol. 63, No. 7, July 1, 2024
(1) Every CCO that
			 is subject to the registration requirements of OAR 410-141-5290  shall file with
			 the Authority a completed Form B. In the alternative, the Authority shall
			 consider and may approve as the registration statement form for this section
			 the form that the NAIC prescribes.
(2) Form B, or if approved by the Authority,
			 the NAIC prescribed registration statement must list, describe, summarize or
			 include, as appropriate:
(a) The capital
			 structure, general financial condition, ownership and management of the CCO and
			 any person that controls the CCO;
(b) The identity and relationship of every
			 member of the CCO holding company system;
(c) The following agreements in force and
			 transactions currently outstanding or that have occurred during the last
			 calendar year between the CCO and the CCO's affiliates:
(A) Loans, other investments, or purchases,
			 sales or exchanges of securities of the affiliates by the CCO or of the CCO by
			 the CCO's affiliates;
(B)
			 Purchases, sales or exchanges of assets;
(C) Transactions not in the ordinary course
			 of business;
(D) Guarantees or
			 undertakings for the benefit of an affiliate that result in an actual
			 contingent exposure of the CCO's assets to liability;
(E) All management agreements, service
			 contracts and all cost-sharing arrangements;
(F) Reinsurance agreements;
(G) Dividends and other distributions to
			 shareholders; and
(H) Consolidated
			 tax allocation agreements;
(I) Any
			 pledge of the CCO's stock, including stock of any subsidiary or controlling
			 affiliate, for a loan made to any member of the CCO holding company
			 system.
(d) Financial
			 statements of or within a CCO holding company system, including financial
			 statements of affiliates, if the Authority requests the financial statements.:
(A) Financial statements that are subject to
			 this paragraph include, but are not limited to, annual audited financial
			 statements that the CCO or the CCO holding company system files with the United
			 States Securities and Exchange Commission under Securities Act of 1933,
			 15
			 U.S.C.A. §
											77a et seq., or the
			 Securities Exchange Act of 1934,
			 15
			 U.S.C.A. §
											78a et seq;
(B) A CCO that must file financial statements
			 under this paragraph may satisfy the requirement by providing the Authority
			 with the parent corporation financial statements that have been filed most
			 recently with the United States Securities and Exchange Commission.
(e) Other matters concerning
			 transactions between registered CCOs and any affiliates as may be included from
			 time to time in any registration forms prescribed by the Authority;
(f) Affidavits that state that:
(A) The CCO's Board is responsible for and
			 oversees corporate governance and internal controls; and
(B) The CCO's officers or senior management
			 have approved and implemented, and continue to maintain and monitor, corporate
			 governance and internal control procedures;
(C) Any other information the Authority
			 requires;
(g) Each Form
			 B or the Authority approved NAIC prescribed registration statement filed under
			 this section must have a summary that outlines all items in the current Form B
			 or Authority approved NAIC prescribed registration statement that have changed
			 from the previously filed Form B or registration statement.