Oregon Revised Statutes Insurance § 731.363

(1) An authorized foreign insurer may become a domestic insurer:

(2) If the Director of the Department of Consumer and Business Services determines that an authorized foreign insurer has complied with the requirements of subsection (1) of this section, the insurer is entitled to a certificate of authority to transact insurance in this state and shall be subject as a domestic insurer to the authority and jurisdiction of this state.