Oregon § 735.190 Incorporation of captive reinsurer

Oregon Statutes

§ 735.190 — Incorporation of captive reinsurer

Oregon § 735.190

Vol.18

Title 56Insurance

Ch. 735Alternative Insurance

This text of Oregon § 735.190 (Incorporation of captive reinsurer) 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. § 735.190 (2026).

Text

(1)A captive reinsurer must be incorporated as a stock insurer with its capital divided into shares and held by the captive reinsurer’s shareholders. In incorporating, a captive reinsurer must comply with the requirements of ORS 735.164.

(2)The capital stock of a captive reinsurer must be issued at par value or greater.

(3)At least one member of the board of directors of a captive reinsurer incorporated in this state must be a resident of this state.

Free access — add to your briefcase to read the full text and ask questions with AI

(1) A captive reinsurer must be incorporated as a stock insurer with its capital divided into shares and held by the captive reinsurer’s shareholders. In incorporating, a captive reinsurer must comply with the requirements of ORS 735.164.
(2) The capital stock of a captive reinsurer must be issued at par value or greater.
(3) At least one member of the board of directors of a captive reinsurer incorporated in this state must be a resident of this state.