A mortgage insurer shall establish a contingency reserve liability for the protection of policyholders against the effect of adverse economic cycles according to accounting procedures approved or required by the Director of the Department of Consumer and Business Services.
ORS 733.100
Known as the Standard Valuation Law
The act spans §§ 733–733 (88 sections).
1967 c.359 §217; 1969 c.692 §7; 2001 c.318 §10
Official source: Oregon State Legislature. Reproduced from public-domain Oregon statutes; confirm against the official source for the current text. Not legal advice.