Statutes, codes, and regulations
Oregon Revised Statutes
Title 56 - INSURANCEChapter 731 - ADMINISTRATION AND GENERAL PROVISIONS
DEPOSITS
Section 731.624 - Special deposits; foreign and alien insurers

ORS § 731.624

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Current through 2024 Regular Session legislation effective June 6, 2024
Section 731.624 - Special deposits; foreign and alien insurers

Every insurer, before transacting insurance in this state, shall make the following deposits with the Department of Consumer and Business Services:

(1) Foreign or alien insurers transacting surety insurance in this state, $250,000.
(2) Foreign or alien insurers transacting title insurance in this state, $100,000.
(3) Foreign or alien insurers transacting home protection insurance in this state, $100,000.
(4) Foreign or alien insurers transacting mortgage guaranty insurance in this state, $500,000.

ORS 731.624

1967 c.359 §117; 1981 c.247 §7; 1987 c.483 §4; 1999 c.196 §3