Oregon § 731.636 Deposit or trusteed assets of alien insurer required

Oregon Statutes

§ 731.636 — Deposit or trusteed assets of alien insurer required

Oregon § 731.636

Vol.18

Title 56Insurance

Ch. 731Administration and General Provisions

This text of Oregon § 731.636 (Deposit or trusteed assets of alien insurer required) is published on Counsel Stack Legal Research, covering Oregon primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Or. Rev. Stat. § 731.636 (2026).

Text

(1)Except as provided in subsection (3) of this section, every alien insurer, before transacting insurance in this state as an authorized insurer, shall deposit with the Department of Consumer and Business Services the sum of the following amounts:

(a)The amount of its outstanding liabilities arising out of its insurance transactions in the United States; and

(b)Its required capitalization.

(2)ORS 731.640 (1)(d) does not apply with respect to such deposit.

(3)In lieu of such deposit, the insurer may furnish evidence satisfactory to the Director of the Department of Consumer and Business Services that it maintains in the United States, by way of trust deposits with public depositories or with trust institutions acceptable to the director, assets at least equal to the deposit otherwise

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(1) Except as provided in subsection (3) of this section, every alien insurer, before transacting insurance in this state as an authorized insurer, shall deposit with the Department of Consumer and Business Services the sum of the following amounts:
(a) The amount of its outstanding liabilities arising out of its insurance transactions in the United States; and
(b) Its required capitalization.
(2) ORS 731.640 (1)(d) does not apply with respect to such deposit.
(3) In lieu of such deposit, the insurer may furnish evidence satisfactory to the Director of the Department of Consumer and Business Services that it maintains in the United States, by way of trust deposits with public depositories or with trust institutions acceptable to the director, assets at least equal to the deposit otherwise required by this section.