Oregon Revised Statutes Chapter 732 § 732.659 — Own
Oregon Revised Statutes Chapter 732 ·
Oregon Code § 732.659·Enacted ·Last updated March 01, 2026
Statute Text
Own
risk and solvency assessment in accordance with manual.
(1) Subject to the provisions of
ORS 732.666, an insurer, or the insurance group of which the insurer is a
member, shall use a process that is comparable to the process described in the
Own Risk and Solvency Assessment Guidance Manual to regularly conduct an own
risk and solvency assessment. The insurer, or the insurance group of which the
insurer is a member, shall conduct the assessment at least annually but also at
any time when significant changes occur in the risk profile of the insurer or
insurance group.
(2) A change in
the Own Risk and Solvency Assessment Guidance Manual takes effect on a date
that the Director of the Department of Consumer and Business Services
specifies. [2015 c.547 §5]
Note:
See note under 732.650.
Plain English Explanation
This Oregon statute addresses Own
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Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 732.659
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
This section of Oregon law addresses Own
. Read the full statute text above for details.
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The formal citation is Oregon Code § 732.659. Use this format in legal documents and court filings.
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