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Oregon Revised Statutes Insurance § 735.166

Current as of January 01, 2023 | Updated by Findlaw Staff

(1)(a) An association captive insurer must comply with the investment requirements of ORS 733.510 to 733.780.

(b) Notwithstanding paragraph (a) of this subsection, the Director of the Department of Consumer and Business Services may by rule approve the use of alternative reliable methods of valuation and rating for an association captive insurer.

(2)(a) A pure captive insurer is not subject to any restrictions on allowable investments under ORS 733.510 to 733.780.

(b) The director may prohibit or limit an investment that threatens the solvency or liquidity of a pure captive insurer.

(3) A captive insurer may not make loans to the parent of the captive insurer or an affiliate of the captive insurer.

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Cite this article: FindLaw.com - Oregon Revised Statutes Insurance § 735.166 - last updated January 01, 2023 | https://codes.findlaw.com/or/title-56-insurance/or-rev-st-sect-735-166/

FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.

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