Oregon § 733.770 Limitations on investments in property of any one person or single parcel of real estate

Oregon Statutes

§ 733.770 — Limitations on investments in property of any one person or single parcel of real estate

Oregon § 733.770

Vol.18

Title 56Insurance

Ch. 733Accounting and Investments

This text of Oregon § 733.770 (Limitations on investments in property of any one person or single parcel of real estate) 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. § 733.770 (2026).

Text

(1)An insurer shall not have any combination of investments in or secured by the stocks, obligations, and property of one person, corporation or political subdivision in excess of 10 percent of the insurer’s assets, nor shall it invest more than 10 percent of its assets in a single parcel of real property or in any other single investment. This subsection does not apply to:

(a)Investments in, or loans upon, the security of the general obligations of a sovereign;

(b)Policy loans by insurers issuing life insurance policies;

(c)Investments by a title insurer in its title plant, or in real property not in excess of 50 percent of the insurer’s combined capital and surplus; or

(d)Investments by a health care service contractor in all real or personal property used exclusively by such contra

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(1) An insurer shall not have any combination of investments in or secured by the stocks, obligations, and property of one person, corporation or political subdivision in excess of 10 percent of the insurer’s assets, nor shall it invest more than 10 percent of its assets in a single parcel of real property or in any other single investment. This subsection does not apply to:
(a) Investments in, or loans upon, the security of the general obligations of a sovereign;
(b) Policy loans by insurers issuing life insurance policies;
(c) Investments by a title insurer in its title plant, or in real property not in excess of 50 percent of the insurer’s combined capital and surplus; or
(d) Investments by a health care service contractor in all real or personal property used exclusively by such contractor to provide authorized health care services or in real property used primarily for its home office.
(2) Notwithstanding subsection (1) of this section and subject to approval by the Director of the Department of Consumer and Business Services in writing, a domestic insurer organized before 1950 may invest an amount not exceeding 15 percent of its assets in real property used primarily for its home office.