Oregon Revised Statutes Chapter 731 § 731.406 — What
Oregon Revised Statutes Chapter 731 ·
Oregon Code § 731.406·Enacted ·Last updated March 01, 2026
Statute Text
What
certificate evidences; ownership of certificate.
(1) An insurers subsisting
certificate of authority is evidence of its authority to transact in this state
the class or classes of insurance specified therein, either as direct insurer
or as reinsurer or as both.
(2) Although
issued to the insurer the certificate of authority is at all times the property
of this state. Upon any suspension, revocation or termination thereof the
insurer promptly shall deliver the certificate of authority to the Director of
the Department of Consumer and Business Services. [1967 c.359 §86]
Plain English Explanation
This Oregon statute addresses What
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Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 731.406
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
This section of Oregon law addresses What
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The formal citation is Oregon Code § 731.406. Use this format in legal documents and court filings.
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