Oregon Revised Statutes Insurance § 735.150

(1)(a) “Affiliate” means a business entity that, because of common ownership, common control, common operation or common management, is in the same corporate system as a parent or a member organization.

(b) For purposes of this subsection, “common ownership, common control, common operation or common management” means that two or more business entities are owned, controlled, operated or managed by the same person or group of persons with:

(a) Formed to transact insurance for a parent or affiliate of the insurer; and

(b) Licensed under the laws of a nation other than the United States that imposes statutory or regulatory standards:

(a) Own, control, or hold with power to vote, all of the outstanding voting securities of an association captive insurer incorporated as a stock insurer;

(b) Have complete voting control over an association captive insurer incorporated as a mutual insurer; or

(c) Have complete voting control over an association captive insurer formed as a limited liability company.

(a) A member organization of the association;

(b) An affiliate of a member organization of the association; or

(c) The association.

(a) A pure captive insurer;

(b) A branch captive insurer;

(c) An association captive insurer; or

(d) A captive reinsurer.

(a) Formed or holds a certificate of authority under ORS 735.150 to 735.190;

(b) Wholly owned by a qualifying reinsurer parent company; and

(c) A stock corporation.

(a) That is not in the same corporate system as a parent or the parent's affiliate but has a contractual relationship with a parent or affiliate; and

(b) Whose risks are managed by a pure captive insurer in accordance with rules adopted by the Director of the Department of Consumer and Business Services under ORS 735.154.

(a) Formed to transact insurance for a parent or affiliate of the insurer; and

(b) Licensed under the laws of another state that imposes statutory or regulatory standards:

(a) The outstanding voting securities of a pure captive insurer; or

(b) The pure captive insurer, if the pure captive insurer is formed as a limited liability company.

(14)(a) “Qualifying reinsurer parent company” means an accredited reinsurer in this state that has:

(b) For purposes of this subsection “consolidated GAAP net worth” means the consolidated shareholders' equity determined in accordance with generally accepted accounting principles for reporting to the United States Securities and Exchange Commission.