ORS § 731.126
Current through 2024 Regular Session legislation effective March 27, 2024
"Reinsurance" means a contract under which an originating insurer, called the "ceding" insurer, procures insurance for itself in another insurer, called the "assuming" insurer or the "reinsurer," with respect to part or all of an insurance risk of the originating insurer.
ORS 731.126