Oregon Code § 731.632·Enacted ·Last updated March 01, 2026
Statute Text
Deposit required of domestic reciprocal insurers; exception.
Every domestic reciprocal insurer
shall deposit with the Department of Consumer and Business Services $50,000,
except such an insurer which exchanges policies of insurance covering only wet
marine hull insurance for persons whose earned income, in whole or in part, is
derived from taking and selling food resources living in an ocean, bay or
river. [1967 c.359 §119; 1977 c.651 §3; 1993 c.709 §5; 1999 c.196 §5]
Plain English Explanation
This Oregon statute addresses Deposit required of domestic reciprocal insurers; exception. AI-powered analysis coming soon.
Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 731.632
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
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