Oregon Code § 732.666·Enacted ·Last updated March 01, 2026
Statute Text
Exemptions; directors requirements.
(1) An insurer is exempt from the requirements of ORS 732.650 to 732.689 if:
(a) The insurer
has annual direct written and unaffiliated assumed premium of less than $500
million, including international direct and assumed premium but excluding
premiums reinsured with the Federal Crop Insurance Corporation and National
Flood Insurance Program; and
(b) The insurance
group of which the insurer is a member has annual direct written and
unaffiliated assumed premium of less than $1 billion, including international
direct and assumed premium but excluding premiums reinsured with the Federal
Crop Insurance Corporation and National Flood Insurance Program.
(2) If an insurer
is exempt under subsection (1)(a) of this section, but the insurance group of
which the insurer is a member is not exempt under subsection (1)(b) of this
section, the own risk and solvency assessment summary report required under ORS