Oregon Code § 732.549·Enacted ·Last updated March 01, 2026
Statute Text
Subsidiaries.
(1)
A domestic insurer, either by itself or in cooperation with one or more
persons, may organize or acquire one or more subsidiaries engaged only in one
or more of the kinds of business described in ORS 733.635.
(2) If an insurer
ceases to control a subsidiary, the insurer must dispose of any investment in
the subsidiary made pursuant to this section within three years after the time
of the cessation of control or within such further time as the Director of the Department
of Consumer and Business Services may prescribe, unless at any time after the
investment was made, the investment meets the requirements for investment under
any other provision of the Insurance Code and the insurer has notified the
director of that fact. [1993 c.447 §24]
Plain English Explanation
This Oregon statute addresses Subsidiaries. AI-powered analysis coming soon.
Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 732.549
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
This section of Oregon law addresses Subsidiaries. Read the full statute text above for details.
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The formal citation is Oregon Code § 732.549. Use this format in legal documents and court filings.
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