Oregon Code § 733.340·Enacted ·Last updated March 01, 2026
Statute Text
Exemptions.
(1)
Specific product forms or product lines of a domestic insurer that is licensed
in and does business only in this state are exempt from the requirements of
section 15, chapter 547, Oregon Laws 2015, if:
(a) The Director
of the Department of Consumer and Business Services issues the exemption to the
insurer in writing and does not subsequently revoke the exemption in writing;
(b) The director
identifies the specific product form or product line in the written exemption;
and
(c) The insurer
computes reserves using assumptions and methods the insurer used before the
operative date of the valuation manual and otherwise complies with any
requirements the director specifies by rule.
(2) ORS 733.304,
733.306, 733.308, 733.310, 733.312, 733.314, 733.316, 733.318, 733.320, 733.322
and 733.331 and section 14, chapter 547, Oregon Laws 2015, apply to an insurer
that has an exemption under this section. [2015 c.547 §20]
INVESTMENTS
Plain English Explanation
This Oregon statute addresses Exemptions. AI-powered analysis coming soon.
Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 733.340
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
This section of Oregon law addresses Exemptions. Read the full statute text above for details.
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The formal citation is Oregon Code § 733.340. Use this format in legal documents and court filings.
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