ORS 731.624

Known as the Insurance Code

The act spans §§ 731.004 to 731.992 (240 sections).

Applied in 1 court decision — leading case State ex rel. Driscoll v. Early American Insurance (1987)

Most recently applied in State ex rel. Driscoll v. Early American Insurance (March 1987)

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

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.

Official source: Oregon State Legislature. Reproduced from public-domain Oregon statutes; confirm against the official source for the current text. Not legal advice.