Oregon Code § 731.616·Enacted ·Last updated March 01, 2026
Statute Text
Valuation of deposits; deficiencies.
(1) For the purpose of determining the sufficiency of its deposit in this state
the assets of the insurer on deposit shall be valued at current market value.
(2) If assets
deposited by an insurer are subject to material fluctuations in market value,
the Director of the Department of Consumer and Business Services, in the
discretion of the director, may require the insurer to deposit and maintain on
deposit additional assets in such amount as reasonably is necessary to assure
that the deposit at all times will have a market value of not less than the
amount specified under or pursuant to the law by which the deposit is required.
(3) If for any
reason the current market value of such assets falls below the amount of
deposit required of the insurer, the insurer shall promptly deposit other or
additional assets eligible for deposit in an amount sufficient to cure the
deficiency. The insurer has 30 days in which to cure the deficiency after
notice thereof from the director. [1967 c.359 §115]
Plain English Explanation
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Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 731.616
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
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