Oregon Code § 731.363·Enacted ·Last updated March 01, 2026
Statute Text
Authorized foreign insurer becoming domestic insurer.
(1) An authorized foreign insurer
may become a domestic insurer:
(a) By complying
with all of the requirements of law relating to the organization and
authorization of a domestic insurer of the same type;
(b) By filing
articles of incorporation that are amended to comply with all of the
requirements of law relating to the organization and authorization of a
domestic insurer of the same type; and
(c) By
designating its principal place of business at a place in this state.
(2) If the
Director of the Department of Consumer and Business Services determines that an
authorized foreign insurer has complied with the requirements of subsection (1)
of this section, the insurer is entitled to a certificate of authority to
transact insurance in this state and shall be subject as a domestic insurer to
the authority and jurisdiction of this state. [1995 c.639 §9; 1997 c.771 §24]