ORS § 733.630 — OR Code / Title 56 / Chapter 733 / Section 733.630
733.630 Investment in securities or obligations of certain corporations
Status: in_force

(1) Except as provided in this section, funds of an insurer may be invested in common stock, preferred stock, debt obligations and other securities of one or more corporations without regard to the provisions and limitations of ORS 733.590 (Investment in obligations of sovereign, political subdivision thereof or corporation) , 733.620 (Investment in stocks of corporation) , 733.770 (Limitations on investments in property of any one person or single parcel of real estate) and 733.780 (Prohibited investments) (1)(a) if the corporation is engaged, or will be engaged, in the kind of business or activity that is related to the insurance business as described in ORS 733.635 (Approved activities of corporations in which investments authorized) , provided that the insurer owns 80 percent or more of the shares of the corporation that have voting powers either alone or, with prior approval of the Director of the Department of Consumer and Business Services, in cooperation with one or more other persons.

(2) Except as provided in subsection (3) of this section, the amount of funds invested as described in subsection (1) of this section may not exceed the lesser of 10 percent of the insurer’s assets or 50 percent of the amount of the insurer’s combined capital and surplus. However, after such investments, the insurer’s combined capital and surplus must be reasonable in relation to the insurer’s outstanding liabilities and adequate to the insurer’s financial needs. For the purpose of this subsection, the amount of an insurer’s investments must be calculated by:

(a) Excluding the admitted value of investments in subsidiaries of the insurer;

(b) Adding the total moneys or other consideration expended and obligations assumed in the acquisition or formation of a subsidiary, including all organizational expenses and contributions to capital and surplus of the insurance subsidiary or the shareholders’ equity of a noninsurance subsidiary, whether or not represented by the purchase of capital stock or issuance of other securities;

(c) Adding to the sum determined under paragraph (b) of this subsection all amounts expended in acquiring additional common stock, preferred stock, debt obligations and other securities of a subsidiary, and all contributions to the capital or surplus of an insurance subsidiary or the shareholders’ equity of a noninsurance subsidiary, subsequent to its acquisition or formation; and

(d) Subtracting from the sum determined under paragraph (c) of this subsection the return of any amount included in paragraph (b) or (c) of this subsection, whether the return is in the form of cash, securities or other property.

(3) Intentionally left blank —Ed.

(a) Funds of an insurer may be invested in common stock, preferred stock, debt obligations and other securities of one or more subsidiaries engaged or organized to engage exclusively in owning and managing assets authorized as investments for the insurer. However, each subsidiary must agree to limit the subsidiary’s investments in any asset so that the investments will not cause the amount of the insurer’s total investment to exceed any of the investment limitations specified in subsection (2) of this section, or specified in ORS 733.510 (Investments of insurers) to 733.780 (Prohibited investments) , that apply to the insurer.

(b) For the purpose of this subsection, the total investment of the insurer includes:

(A) Any direct investment by the insurer in an asset; and

(B) The insurer’s proportionate share of any investment in an asset by any subsidiary of the insurer, which must be calculated by multiplying the amount of the subsidiary’s investment by the percentage of the subsidiary’s ownership.

(4) With the approval of the director, an insurer may invest any greater amount in common stock, preferred stock, debt obligations or other securities of one or more subsidiaries. However, after such an investment, the insurer’s combined capital and surplus must be reasonable in relation to the insurer’s outstanding liabilities and adequate to the insurer’s financial needs.

(5) Investments in common stock, preferred stock, debt obligations or other securities of one or more subsidiaries that an insurer makes in accordance with subsection (2), (3) or (4) of this section are not subject to restrictions or prohibitions set forth in the Insurance Code that would otherwise apply to an insurer’s investments.

(6) An insurer must determine whether any investment pursuant to subsection (2), (3) or (4) of this section meets the applicable requirements on the last day of the month that immediately precedes the day on which the investment is made. The determination must be made prior to the investment by calculating the applicable investment limitations as though the investment had already been made, taking into account the then outstanding principal balance on all previous investments in debt obligations and the value of all previous investments in equity securities as of the day the investments were made, net of any return of capital invested, not including dividends. [1967 c.359 §241; 1969 c.285 §1; 1993 c.447 §113a; 1995 c.638 §7; 2005 c.255 §1; 2013 c.370 §35]

Source: Section 733.630 — Investment in securities or obligations of certain corporations , https://www.­oregonlegislature.­gov/bills_laws/ors/ors733.­html (accessed May 26, 2025).
ORS § 743b.102 — OR Code / Title 56 / Chapter 743b / Section 743b.102
743B.102 Certifications and disclosure of coverage
Status: in_force

All carriers that offer individual or group health benefit plans shall provide certifications and disclosure of coverage in accordance with 42 U.S.C. 300gg(e) and 300gg-43 as amended and in effect on July 1, 1997. [Formerly 743.749]

Source: Section 743B.102 — Certifications and disclosure of coverage , https://www.­oregonlegislature.­gov/bills_laws/ors/ors743B.­html (accessed May 26, 2025).
ORS § 732.145 — OR Code / Title 56 / Chapter 732 / Section 732.145
732.145 Stipulations required in subscriptions and applications
Status: in_force

(1) A subscription to the capital stock of an insurer in the process of organization must contain a stipulation that no sum shall be used for commission, promotion or organization expenses in excess of a stated percent of the amount paid upon the subscription. This stated amount may not exceed 15 percent.

(2) Sums paid by subscribers and applicants must be deposited under an escrow agreement approved by the Director of the Department of Consumer and Business Services in a bank, trust company or savings association in the state until the insurer has procured a certificate of authority from the director.

(3) Every subscription for stock or every application for insurance in an insurer made prior to the insurer’s receipt of a certificate of authority must contain a stipulation that the money, securities or evidences of debt advanced by the subscriber or applicant must be returned to the subscriber or applicant without deduction in case the insurer fails to complete the insurer’s organization or procure the insurer’s certificate of authority or issue the policy applied for. [1967 c.359 §160; 2009 c.541 §48]

Source: Section 732.145 — Stipulations required in subscriptions and applications; disposition of subscribed funds , https://www.­oregonlegislature.­gov/bills_laws/ors/ors732.­html (accessed May 26, 2025).
ORS § 743b.320 — OR Code / Title 56 / Chapter 743b / Section 743b.320
743B.320 Minimum grace period
Status: in_force

(1) A group health insurance policy shall contain a provision allowing a minimum grace period of 10 days after the premium due date for payment of premium.

(2) An insurer of a group health insurance policy providing coverage for hospital or medical expenses, other than coverage limited to expenses from accidents or specific diseases, that seeks to terminate a policy for nonpayment of premium shall notify the policyholder as described in ORS 743B.323 (Separate notice to policyholder required before cancellation of individual or group health insurance policy for nonpayment of premium) .

(3) An insurer of a group health insurance policy providing coverage for hospital or medical expenses, other than coverage limited to expenses from accidents or specific diseases, shall notify the group policyholder when the policy is terminated and the coverage is not replaced by the group policyholder. The notice required under this subsection:

(a) Must be given on a form prescribed by the Department of Consumer and Business Services;

(b) Must explain the rights of the certificate holders regarding continuation of coverage provided by federal and state law; and

(c) Must be given by mail and must be mailed not later than 10 working days after the date on which the group policy terminates according to the terms of the policy.

(4) A group health insurance policy to which subsection (3) of this section applies shall contain a provision requiring the insurer to notify the group policyholder when the policy is terminated and the coverage is not replaced by the group policyholder. Each certificate issued under the policy shall also contain a statement of the provision required under this subsection.

(5) If an insurer fails to give notice as required by this section, the insurer shall continue the group health insurance policy of the group policyholder in full force from the date notice should have been provided until the date that the notice is received by the policyholder and shall waive the premiums owing for the period for which the coverage is continued under this subsection. The time period within which the certificate holder may exercise any right to continuation shall commence on the date that the policyholder receives the notice.

(6) The insurer shall supply the employer holding the terminated policy with the necessary information for the employer to be able to notify properly the employee of the employee’s right to continuation of coverage under state and federal law. [Formerly 743.560]

Source: Section 743B.320 — Minimum grace period; notice upon termination of policy; effect of failure to notify , https://www.­oregonlegislature.­gov/bills_laws/ors/ors743B.­html (accessed May 26, 2025).
ORS § 732.015 — OR Code / Title 56 / Chapter 732 / Section 732.015
732.015 Permit to organize insurer required
Status: in_force

No person shall organize or solicit or receive any money for the organization of a domestic insurer without a subsisting permit to organize an insurer issued by the Director of the Department of Consumer and Business Services pursuant to ORS 732.055 (Approval or disapproval of application for permit) . The director shall not require a fee for filing an application for such a permit in the case of the organization of a reciprocal insurer that 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 §147; 1977 c.651 §4; 1989 c.413 §6; 1991 c.401 §3; 1993 c.709 §6]

Source: Section 732.015 — Permit to organize insurer required , https://www.­oregonlegislature.­gov/bills_laws/ors/ors732.­html (accessed May 26, 2025).
ORS § 746.265 — OR Code / Title 56 / Chapter 746 / Section 746.265
746.265 Purposes for which abstract of nonemployment driving record may be considered
Status: in_force

(1) Subject to subsection (2) of this section, an insurer may consider the abstract of an individual’s nonemployment driving record under ORS 802.220 (Availability of records) when evaluating the individual’s application to obtain or renew personal insurance, as defined in ORS 746.600 (Definitions for ORS 746.600 to 746.690) , that provides automobile liability coverage, uninsured motorist coverage, automobile medical payments coverage or automobile physical damage coverage on an individually owned passenger vehicle, including pickup and panel trucks and station wagons:

(a) For the purpose of determining whether to issue or renew the individual’s policy.

(b) For the purpose of determining the rates of the individual’s policy.

(2) For the purposes specified in subsection (1) of this section, an insurer that issues or renews a policy described in subsection (1) of this section may not consider any:

(a) Accident or conviction for violation of motor vehicle laws that occurred more than three years immediately preceding the application for the policy or for renewal of the policy;

(b) Diversion agreements under ORS 813.220 (Matters to be considered by court in determining to allow diversion agreement) that were entered into more than three years immediately preceding the application for the policy or for renewal of the policy; or

(c) Suspension of driving privileges pursuant to ORS 809.280 (Department procedures following court order of suspension or revocation) (6) or (8) if the suspension is based on a nondriving offense.

(3) Subsection (2) of this section does not apply if an insurer considers an individual’s nonemployment driving record under ORS 802.220 (Availability of records) for the purpose of providing a discount to the individual. [1987 c.5 §5; 1989 c.853 §1; 1991 c.860 §7; 1999 c.59 §231; 2001 c.327 §1; 2011 c.355 §25; 2015 c.76 §2]

Source: Section 746.265 — Purposes for which abstract of nonemployment driving record may be considered , https://www.­oregonlegislature.­gov/bills_laws/ors/ors746.­html (accessed May 26, 2025).
ORS § 744.053 — OR Code / Title 56 / Chapter 744 / Section 744.053
744.053 Requirements to be licensed as insurance producer for class of insurance
Status: in_force

A person may not sell, solicit or negotiate insurance in this state for any class or classes of insurance unless the person is licensed as an insurance producer for that class or those classes in accordance with ORS 744.052 (Definitions for ORS 744.052 to 744.089) to 744.089 (Report of administrative action taken against insurance producer) . [2001 c.191 §3; 2003 c.364 §3]

Source: Section 744.053 — Requirements to be licensed as insurance producer for class of insurance , https://www.­oregonlegislature.­gov/bills_laws/ors/ors744.­html (accessed May 26, 2025).
ORS § 731.178 — OR Code / Title 56 / Chapter 731 / Section 731.178
731.178 “Mortgage insurance.”
Status: in_force

“Mortgage insurance” means insurance against financial loss by reason of:

(1) Nonpayment of principal, interest and other sums agreed to be paid under the terms of an obligation secured by a mortgage, deed of trust or other instrument constituting a lien or charge on real or personal property; or

(2) Nonpayment of rent and other sums agreed to be paid under the terms of a written lease for the possession, use or occupancy of real property, such insurance also being referred to in the Insurance Code as “lease insurance.” [1967 c.359 §39; 1969 c.692 §1]

Source: Section 731.178 — “Mortgage insurance.” , https://www.­oregonlegislature.­gov/bills_laws/ors/ors731.­html (accessed May 26, 2025).
ORS § 746.675 — OR Code / Title 56 / Chapter 746 / Section 746.675
746.675 Service of process on out-of-state insurance-support organizations
Status: in_force

For the purpose of ORS 746.600 (Definitions for ORS 746.600 to 746.690) to 746.690 (Obtaining information under false pretenses prohibited) and 750.055 (Other provisions applicable to health care service contractors) , an insurance-support organization transacting business outside this state which has an effect on a person residing in this state shall be considered to have appointed the Director of the Department of Consumer and Business Services to accept service of process on its behalf. Notice of such service shall be given forthwith by the director as provided for orders and notices under ORS 731.248 (Orders) (3). [1981 c.649 §17; 1987 c.490 §55]

Source: Section 746.675 — Service of process on out-of-state insurance-support organizations , https://www.­oregonlegislature.­gov/bills_laws/ors/ors746.­html (accessed May 26, 2025).
ORS § 742.053 — OR Code / Title 56 / Chapter 742 / Section 742.053
742.053 Forms for proving loss
Status: in_force

(1) An insurer, in response to a written request, shall provide forms for proving a loss for which a person makes a claim under an insurance policy the insurer issues. The requirement to provide forms under this subsection does not impose responsibility upon the insurer for the person’s proof of loss, attempt to prove the loss or manner of proving the loss.

(2) If the insurance policy is fire insurance, notwithstanding any more restrictive requirement in the insurance policy, an insured must provide proof of loss within 90 days after receiving a form described in subsection (1) of this section.

(3) Intentionally left blank —Ed.

(a) As used in this subsection, “major disaster” means a state of emergency the Governor declares under ORS 401.165 (Declaration of state of emergency) that involves or threatens to involve widespread loss of life, injury to persons or property, human suffering or financial loss.

(b) Notwithstanding subsection (2) of this section and ORS 742.230 (Requirements in case loss occurs) , if an insured who holds a policy of personal insurance, as defined in ORS 746.600 (Definitions for ORS 746.600 to 746.690) (33)(b) and (c), experiences a total loss of the contents of a residence as a result of a major disaster and provides in documentation that the Director of the Department of Consumer and Business Services specifies by rule that the residence was furnished, that the loss occurred as a result of a major disaster in a location that was subject to a declaration of a state of emergency under ORS 401.165 (Declaration of state of emergency) and that the loss is directly related to the emergency that was the subject of the declaration, the insurer shall:

(A) Offer the insured a minimum of 70 percent, or a larger percentage upon which the insurer and insured agree, of the coverage the insured purchased previously for the contents of the residence without requiring the insured to submit a written inventory of the loss;

(B) Notify the insured that:

(i) Accepting the offer described in subparagraph (A) of this paragraph does not change the benefits available under the insurance policy; and

(ii) The insured may obtain more benefits by submitting a complete inventory of the loss;

(C) Disclose information about how the insurer determines the depreciated value of the contents of the insured property, if the insurer provides a depreciated value;

(D) Pay for any covered costs associated with removing debris not later than 60 days after receiving an invoice, receipt or other documentation that shows the date and cost of the removal, except that if a governmental agency removes the debris or is involved in removing the debris, the insurer may pay within a reasonable time; and

(E) Pay for any covered loss of trees, shrubs or landscaping within 30 days after receiving documentation of the loss, such as documentation from a reputable landscaping contractor, that shows the number and nature of the trees, shrubs or landscaping that was damaged or destroyed, unless:

(i) The insurer disputes the coverage; or

(ii) The insurer and insured agree that the insurer will pay the costs later in the claims process.

(c) If an insured submits an inventory of a loss described in paragraph (b) of this subsection with an amount that exceeds the amount the insurer offered under paragraph (b)(A) of this subsection, the insurer shall:

(A) Request any other information the insurer requires concerning the inventory not later than 30 days after receiving the inventory; and

(B) Pay within 30 days after receiving the inventory for any items the coverage, cost or condition of which the insurer does not dispute.

(4) The Director of the Department of Consumer and Business Services may adopt rules to carry out the purposes set forth in this section. [Formerly 743.093; 2023 c.85 §1]

Source: Section 742.053 — Forms for proving loss; responsibility of insurer; proof of loss covered under policy of fire insurance; requirements for insurer in instances of total loss related to major disaster; rules , https://www.­oregonlegislature.­gov/bills_laws/ors/ors742.­html (accessed May 26, 2025).
ORS § 734.170 — OR Code / Title 56 / Chapter 734 / Section 734.170
734.170 Grounds for liquidation of domestic insurers
Status: in_force

The Director of the Department of Consumer and Business Services may apply for an order directing the director to liquidate the business of a domestic insurer, regardless of whether there has been a prior order directing the director to rehabilitate such insurer, upon any of the grounds specified in ORS 734.150 (Grounds for rehabilitation of domestic insurers) , or if the insurer:

(1) Has ceased transacting business for a period of one year;

(2) Has commenced voluntary liquidation or dissolution, or attempts to commence or prosecute any action or proceeding to liquidate its business or affairs, or to dissolve its corporate charter, or to procure the appointment of a receiver, trustee, custodian, or sequestrator under any laws except the Insurance Code;

(3) Has not organized or completed its organization and obtained a certificate of authority as an insurer within the time authorized by law; or

(4) Is insolvent. [1967 c.359 §271; 1993 c.447 §97]

Source: Section 734.170 — Grounds for liquidation of domestic insurers , https://www.­oregonlegislature.­gov/bills_laws/ors/ors734.­html (accessed May 26, 2025).
ORS § 743.101 — OR Code / Title 56 / Chapter 743 / Section 743.101
743.101 Purpose
Status: in_force

(1) The purpose of the Life and Health Insurance Policy Language Simplification Act is to establish minimum standards for language used in policies and certificates of life insurance and health insurance delivered or issued for delivery in this state in order to facilitate ease of reading.

(2) ORS 743.100 (Short title) to 743.109 (Approval of certain policy forms containing specified provisions) is not intended to increase the risk assumed by insurers or to supersede their obligation to comply with the substance of other Insurance Code provisions applicable to insurance policies. ORS 743.100 (Short title) to 743.109 (Approval of certain policy forms containing specified provisions) is not intended to impede flexibility and innovation in the development of policy forms or content or to lead to the standardization of policy forms or content. [Formerly 743.353]

Source: Section 743.101 — Purpose , https://www.­oregonlegislature.­gov/bills_laws/ors/ors743.­html (accessed May 26, 2025).
ORS § 732.405 — OR Code / Title 56 / Chapter 732 / Section 732.405
732.405 Authorized shares
Status: in_force

No domestic insurer shall issue or have outstanding more than one class of shares, whether with or without par value. [1967 c.359 §179]

Source: Section 732.405 — Authorized shares , https://www.­oregonlegislature.­gov/bills_laws/ors/ors732.­html (accessed May 26, 2025).
ORS § 734.575 — OR Code / Title 56 / Chapter 734 / Section 734.575
734.575 Refunds from association deposited in General Fund
Status: in_force

Any sums acquired by refund from the Oregon Insurance Guaranty Association that have previously been written off by contributing insurers and offset against corporate excise taxes or fire insurance gross premiums taxes, and are not then needed for purposes of ORS 734.510 (Definitions for ORS 734.510 to 734.710) to 734.710 (Administration of delinquency proceeding claims and expenses) , shall be paid by the association to the Director of the Department of Consumer and Business Services and deposited with the State Treasurer for credit to the General Fund of this state. [1977 c.793 §3; 1985 c.686 §1; 1995 c.786 §8; 2003 c.568 §4]

Source: Section 734.575 — Refunds from association deposited in General Fund , https://www.­oregonlegislature.­gov/bills_laws/ors/ors734.­html (accessed May 26, 2025).
ORS § 746.135 — OR Code / Title 56 / Chapter 746 / Section 746.135
746.135 Genetic tests and information
Status: in_force

(1) If a person asks an applicant for insurance to take a genetic test in connection with an application for insurance, the use of the test shall be revealed to the applicant and the person shall obtain the specific authorization of the applicant using a form adopted by the Director of the Department of Consumer and Business Services by rule.

(2) A person may not use favorable genetic information to induce the purchase of insurance.

(3) A person may not use genetic information to reject, deny, limit, cancel, refuse to renew, increase the rates of, affect the terms and conditions of or otherwise affect any policy for hospital or medical expenses.

(4) A person may not use genetic information about a blood relative to reject, deny, limit, cancel, refuse to renew, increase the rates of, affect the terms and conditions of or otherwise affect any policy of insurance.

(5) For purposes of this section, “blood relative,” “genetic information” and “genetic test” have the meanings given those terms in ORS 192.531 (Definitions for ORS 192.531 to 192.549) . [1995 c.680 §8; 2001 c.588 §17]

Source: Section 746.135 — Genetic tests and information; rules , https://www.­oregonlegislature.­gov/bills_laws/ors/ors746.­html (accessed May 26, 2025).
ORS § 746.075 — OR Code / Title 56 / Chapter 746 / Section 746.075
746.075 Misrepresentation generally
Status: in_force

(1) A person may not engage, directly or indirectly, in any action described in subsection (2) of this section in connection with:

(a) The offer or sale of any insurance; or

(b) Any inducement or attempted inducement of any insured or person with ownership rights under an issued life insurance policy to lapse, forfeit, surrender, assign, effect a loan against, retain, exchange or convert the policy.

(2) Subsection (1) of this section applies to the following actions:

(a) Making, issuing, circulating or causing to be made, issued or circulated, any estimate, illustration, circular or statement misrepresenting the terms of any policy issued or to be issued or the benefits or advantages therein or the dividends or share of surplus to be received thereon;

(b) Making any false or misleading representation as to the dividends or share of surplus previously paid on similar policies;

(c) Making any false or misleading representation as to the financial condition of any insurer, or as to the legal reserve system upon which any life insurer operates;

(d) Using any name or title of any policy or class of policies misrepresenting the true nature thereof;

(e) Employing any device, scheme or artifice to defraud;

(f) Obtaining money or property by means of any untrue statement of a material fact or any omission to state a material fact necessary in order to make the statement, in light of the circumstances under which it was made, not misleading;

(g) Engaging in any other transaction, practice or course of business that operates as a fraud or deceit upon the purchaser, insured or person with policy ownership rights; or

(h) Materially misrepresenting the provider network of an insurer offering managed health insurance or preferred provider organization insurance as defined in ORS 743B.001 (Definitions) , including its composition and the availability of its providers to enrollees in the plan. [1967 c.359 §574; 2001 c.266 §7]

Source: Section 746.075 — Misrepresentation generally , https://www.­oregonlegislature.­gov/bills_laws/ors/ors746.­html (accessed May 26, 2025).
ORS § 731.485 — OR Code / Title 56 / Chapter 731 / Section 731.485
731.485 Conditions under which insurer may limit insured’s choice of drug outlets and pharmacies
Status: in_force

(1) An insurer may limit the drug outlets or pharmacists from which a person covered under a health insurance policy issued by the insurer is authorized by the insurer to obtain services only if the insurer first provides an opportunity to drug outlets and pharmacists to offer to participate as a provider of services as provided in this section. An insurer to which this section applies must provide notice of the opportunity by mailing a notice to the professional organization representing drug outlets and pharmacists in the service area of the insurer. The notice must be given at least 10 days before the deadline for receiving offers. The notice shall state the following:

(a) The date after which offers will not be considered.

(b) The services to be provided under the policy.

(c) That each offer must contain a statement that the drug outlet or pharmacist is in compliance with the requirements of the State Board of Pharmacy.

(d) The name and address of the person or office designated for receipt of the offers.

(2) The services to which this section applies are the services normally provided by drug outlets and pharmacists, including but not limited to prescription drugs.

(3) A professional organization that has received notice pursuant to subsection (1) of this section shall take reasonable steps to relay the notice to each drug outlet registered with the State Board of Pharmacy that is in the relevant service area.

(4) The following apply to an offer submitted by a drug outlet or pharmacist in response to a notice given under subsection (1) of this section:

(a) The offer must be in writing.

(b) The offer must be submitted to the person or office designated in the notice.

(c) The drug outlet or pharmacist must agree to provide services specified by the insurer.

(5) An insurer to which this section applies may select any drug outlet or pharmacist of its choice on whatever basis the insurer alone determines to be appropriate. Nothing in this section prohibits an insurer from contracting with one or more drug outlets or pharmacists exclusively for services to be provided to its insureds. [1993 c.391 §2]

Source: Section 731.485 — Conditions under which insurer may limit insured’s choice of drug outlets and pharmacies , https://www.­oregonlegislature.­gov/bills_laws/ors/ors731.­html (accessed May 26, 2025).
ORS § 746.370 — OR Code / Title 56 / Chapter 746 / Section 746.370
746.370 Records of insureds
Status: in_force

In order that the Director of the Department of Consumer and Business Services may effectively administer ORS 746.310 (Representing or aiding unauthorized insurer prohibited) to 746.370 (Records of insureds) , every person for or by whom insurance has been placed with an unauthorized insurer shall, upon the director’s order, produce for examination all policies and other documents evidencing the insurance, and shall disclose to the director the amount of premiums paid or agreed to be paid for the insurance. [1967 c.359 §597]

Source: Section 746.370 — Records of insureds , https://www.­oregonlegislature.­gov/bills_laws/ors/ors746.­html (accessed May 26, 2025).
ORS § 731.737 — OR Code / Title 56 / Chapter 731 / Section 731.737
731.737 Immunity from liability for certain persons filing reports or furnishing information about specified activities to specified persons
Status: in_force

(1) A person or other entity described in this subsection acting without malice, fraudulent intent or bad faith is not subject to civil liability, and no cause of action of any nature may exist against such a person or entity, when the person is performing authorized functions, including publication or dissemination of information, regarding any activity described in subsection (3) of this section. This subsection applies to the following persons and entities:

(a) Law enforcement officials and their agents and employees.

(b) The National Association of Insurance Commissioners, the Department of Consumer and Business Services, a federal or state governmental agency established to detect and prevent activities described in subsection (3) of this section and any other organization established for the same purpose, and agents, employees or designees of any such person or entity.

(2) A person acting without malice, fraudulent intent or bad faith is not subject to liability by virtue of filing reports or furnishing information regarding any activity described in subsection (3) of this section with or to any person or other entity described in subsection (1) of this section.

(3) The activities referred to in subsections (1) and (2) of this section include but are not limited to the following, whether any activity is suspected or anticipated or has occurred:

(a) Acts or omissions by a person who presents a statement described in this paragraph to or by an insurer or an insurance producer, causes such a statement to be presented to or by an insurer or an insurance producer, or prepares such a statement with knowledge or belief that it will be presented to or by an insurer or an insurance producer. This paragraph applies to any statement that the person knows to contain false information as part of, in support of or concerning any fact relating to the following, or conceals relevant information relating to the following:

(A) An application for the issuance of insurance.

(B) The rating of insurance.

(C) A claim for payment or benefit pursuant to any insurance.

(D) Premiums paid on insurance.

(E) Payments made in accordance with the terms of insurance coverage.

(F) An application for a certificate of authority.

(G) The financial condition of an insurer.

(H) The acquisition of any insurer.

(b) Solicitation or an attempt to solicit new or renewal insurance by or for an insolvent insurer or other person subject to regulation under the Insurance Code.

(c) Removal or an attempt to remove assets or any record of assets, transactions and affairs from the home office or other place of business of the insurer or other person subject to regulation under the Insurance Code, or from the place of safekeeping of such a person, or who conceals or attempts to conceal the assets or record from the Director of the Department of Consumer and Business Services.

(d) Diversion, an attempt to divert or a conspiracy to divert funds of an insurer or other person subject to regulation under the Insurance Code, or of any other person, in connection with:

(A) The transaction of insurance.

(B) The conduct of business activities by an insurer or other person subject to regulation under the Insurance Code.

(C) The formation, acquisition or dissolution of an insurer or other person subject to regulation under the Insurance Code.

(4) This section does not abrogate or modify in any way any common law or statutory privilege or immunity otherwise enjoyed by a person or entity made immune from liability under this section.

(5) The court may award reasonable attorney fees to the prevailing party in any tort action against a person who claims immunity under the provisions of this section. [1993 c.447 §103; 1995 c.618 §128; 2003 c.364 §74]

Source: Section 731.737 — Immunity from liability for certain persons filing reports or furnishing information about specified activities to specified persons , https://www.­oregonlegislature.­gov/bills_laws/ors/ors731.­html (accessed May 26, 2025).
ORS § 743.162 — OR Code / Title 56 / Chapter 743 / Section 743.162
743.162 Payment of premium
Status: in_force

A life insurance policy shall contain a provision relating to the time and place of payment of premium. [1967 c.359 §376]

Source: Section 743.162 — Payment of premium , https://www.­oregonlegislature.­gov/bills_laws/ors/ors743.­html (accessed May 26, 2025).
ORS § 742.580 — OR Code / Title 56 / Chapter 742 / Section 742.580
742.580 Report of cancellation, nonrenewal or issuance of motor vehicle liability policy
Status: in_force

Every insurer that issues motor vehicle insurance that is designed to meet either the financial or future responsibility requirements of ORS chapter 806 shall report to the Department of Transportation within 30 days of the day that a person or the insurer cancels or fails to renew such a policy and within 15 days of the day that an insurer issues such a policy. The insurer shall report the person’s name and residence address, the vehicle identification number of each vehicle covered by the policy, whether the policy was bought, canceled or not renewed and any other information required by the department by rule under ORS 806.195 (Information submitted by insurers) . [1993 c.746 §4]

Source: Section 742.580 — Report of cancellation, nonrenewal or issuance of motor vehicle liability policy , https://www.­oregonlegislature.­gov/bills_laws/ors/ors742.­html (accessed May 26, 2025).
ORS § 733.230 — OR Code / Title 56 / Chapter 733 / Section 733.230
733.230 Transactions of separate accounts registered with Securities and Exchange Commission
Status: in_force

(1) Notwithstanding any other provisions of law a domestic insurer may:

(a) With respect to a separate account registered with the federal Securities and Exchange Commission as a unit investment trust, exercise voting rights, in connection with any securities of a regulated investment company registered under the federal Investment Company Act of 1940, as amended, and held in such account, in accordance with instructions from persons having interests in such account, ratably as determined by the insurer; and

(b) With respect to a separate account registered with the federal Securities and Exchange Commission as a management investment company, establish for such account a committee, board, or other body, the members of which need not be otherwise affiliated with the insurer and may be elected by the vote of persons having interests in such account, ratably as determined by the insurer. Such committee, board or other body may have the power, exercisable alone or in conjunction with others, to manage the separate account and the investment of its assets.

(2) The insurer or such committee, board or other body may make such other provisions in respect to the separate account as may be considered necessary to comply with any applicable federal or state laws, if the Director of the Department of Consumer and Business Services approves such provisions as not being hazardous to the insurer’s policyholders or the public in this state.

(3) Any provision of the Insurance Code or rule of the director applicable to the officers or directors of an insurer and relating to conflicts of interest will also apply to members of a separate account’s committee, board or other similar body. No officer or director of an insurer nor any member of the committee, board or body of a separate account shall receive directly or indirectly any commission or any other compensation with respect to the purchase or sale of assets of the separate account. [1973 c.435 §7; 1997 c.249 §218]

Source: Section 733.230 — Transactions of separate accounts registered with Securities and Exchange Commission; application of laws and rules to members of separate account management committee , https://www.­oregonlegislature.­gov/bills_laws/ors/ors733.­html (accessed May 26, 2025).
ORS § 731.362 — OR Code / Title 56 / Chapter 731 / Section 731.362
731.362 Requirements of foreign or alien insurers generally
Status: in_force

(1) A foreign or alien insurer may be authorized to transact insurance in this state when it has complied with the following requirements:

(a) It shall file with the Director of the Department of Consumer and Business Services a certified copy of its charter, articles of incorporation or deed of settlement and a statement of its financial condition and business in all states in such form and detail as the director may require, signed and sworn to by at least two of its executive officers or the United States manager.

(b) It shall satisfy the director that it is fully and legally organized under the laws of its state or government to do the business it proposes to transact.

(c) It shall satisfy the director that it is possessed of and will maintain at all times its required capitalization.

(d) It shall make such deposits with the Department of Consumer and Business Services as are required by the provisions of the Insurance Code.

(2) Upon compliance with the requirements of this section and all other requirements imposed on such insurer by the Insurance Code, the director shall issue to it a certificate of authority. [Formerly 736.205; 1999 c.196 §1]

Source: Section 731.362 — Requirements of foreign or alien insurers generally , https://www.­oregonlegislature.­gov/bills_laws/ors/ors731.­html (accessed May 26, 2025).
ORS § 743a.084 — OR Code / Title 56 / Chapter 743a / Section 743a.084
743A.084 Unmarried women and their children
Status: in_force

Each policy of health insurance shall provide:

(1) The same payments for costs of maternity to unmarried women that it provides to married women, including the spouses in marriages of insured persons choosing family coverage; and

(2) The same coverage for the child of an unmarried woman that the child of an insured married person choosing family coverage receives. [Formerly 743.721; 2015 c.629 §61]

Source: Section 743A.084 — Unmarried women and their children , https://www.­oregonlegislature.­gov/bills_laws/ors/ors743A.­html (accessed May 26, 2025).
ORS § 744.856 — OR Code / Title 56 / Chapter 744 / Section 744.856
744.856 Conditions for offer or sale of insurance
Status: in_force

(1) A rental company that obtains a limited license under ORS 744.852 (Limited license for rental companies) may not offer or sell insurance pursuant to ORS 744.854 (Kinds of insurance authorized by limited license) unless:

(a) The rental agreement is for a period of 90 consecutive days or less.

(b) At every location where rental agreements are executed, written material is available to prospective renters that:

(A) Summarizes clearly and correctly the material terms of the coverage offered and identifies the insurer;

(B) Discloses that the coverage that the rental company offers might duplicate coverage that a renter’s personal motor vehicle liability insurance policy, personal liability insurance policy or other source of coverage already provides;

(C) States that purchasing the coverage offered is not required in order to rent a vehicle; and

(D) Describes the process for filing a claim.

(c) The rental company has filed the written material described in paragraph (b) of this subsection with the Director of the Department of Consumer and Business Services and the director has approved the written material.

(d) The rental agreement separately discloses the price for the coverage purchased.

(2) A rental company that obtains a limited license under ORS 744.852 (Limited license for rental companies) must conduct a training program for the rental company’s employees and designated agents concerning kinds of coverage the rental company offers. The rental company shall file the syllabus for the training program annually with the Director of the Department of Consumer and Business Services and obtain the director’s approval. The rental company shall certify annually to the director that all of the rental company’s employees and designated agents who are involved in selling or offering coverage to members of the public have completed or will complete the training program before making sales or offers. The rental company shall also certify annually to the director that the rental company’s employees and designated agents will receive continuing education on a regular basis concerning the topics covered in the training program. The Department of Consumer and Business Services may audit the rental company’s compliance with the rental company’s certification to the director and with the training program syllabus the rental company filed.

(3) A rental company that obtains a limited license under ORS 744.852 (Limited license for rental companies) may not advertise, represent or otherwise hold the rental company or employees or designated agents of the rental company out as licensed insurers or insurance producers.

(4) A rental company that obtains a limited license under ORS 744.852 (Limited license for rental companies) may offer and sell insurance only in connection with and incidental to the rental of vehicles.

(5) A rental company that obtains a limited license under ORS 744.852 (Limited license for rental companies) shall designate an executive as the statewide filing officer for the rental company. [1999 c.485 §5; 2003 c.364 §132; 2015 c.524 §2]

Note: See note under 744.850 (Definitions for ORS 744.850 to 744.858) .

Source: Section 744.856 — Conditions for offer or sale of insurance; training; filing officer , https://www.­oregonlegislature.­gov/bills_laws/ors/ors744.­html (accessed May 26, 2025).
ORS § 733.710 — OR Code / Title 56 / Chapter 733 / Section 733.710
733.710 Investments authorized by prior law
Status: in_force

(1) An investment which was legal and proper immediately before June 8, 1967, shall be considered a proper investment and shall be subject to extension or renewal.

(2) Eligibility of an investment shall be determined as of the date of its acquisition. [Formerly 738.325]

Source: Section 733.710 — Investments authorized by prior law; date of eligibility of investment , https://www.­oregonlegislature.­gov/bills_laws/ors/ors733.­html (accessed May 26, 2025).
ORS § 743.183 — OR Code / Title 56 / Chapter 743 / Section 743.183
743.183 Dividends
Status: in_force

(1) A life insurance policy other than a nonparticipating policy shall contain a provision that the policy shall participate in the divisible surplus of the insurer annually, beginning not later than the end of the third policy year. Any policy containing provision for participation beginning at the end of the first or the second policy year may provide that dividends for either or both of such years shall be paid subject to the payment of the premium for the next ensuing year. The owner of the policy shall have the right each year to have the dividend arising from such participation paid in cash, and if the policy provides other dividend options, it shall further provide which dividend option is effective if the owner does not elect one of such options on or before the expiration of the period of grace allowed for the payment of the premium.

(2) In participating industrial life insurance policies, in lieu of the provision required in subsection (1) of this section, there shall be a provision that, beginning not later than the end of the fifth policy year, the policy shall participate annually in the divisible surplus in the manner set forth in the policy.

(3) This section does not apply to any form of paid-up insurance or temporary insurance or endowment insurance issued or granted in exchange for lapsed or surrendered policies. [1967 c.359 §383]

Source: Section 743.183 — Dividends , https://www.­oregonlegislature.­gov/bills_laws/ors/ors743.­html (accessed May 26, 2025).
ORS § 731.750 — OR Code / Title 56 / Chapter 731 / Section 731.750
731.750 Confidentiality of report of material acquisitions or dispositions of assets, material nonrenewals, cancellations and revisions of ceded reinsurance agreements
Status: in_force

(1) A report filed with the Director of the Department of Consumer and Business Services according to requirements established by rule for disclosure of material acquisitions or dispositions of assets and disclosure of material nonrenewals, cancellations and revisions of ceded reinsurance agreements shall be confidential as provided in ORS 705.137 (Information that is confidential or not subject to disclosure) .

(2) The director may direct the insurer to furnish copies of a report described in subsection (1) of this section to the National Association of Insurance Commissioners.

(3) The director may disclose or use a report as considered necessary by the director in the administration of the Insurance Code or other law.

(4) Information contained in documents described in subsections (1) to (3) of this section that is also contained in financial statements of insurers filed under ORS 731.574 (Annual financial statement) or in final examination reports filed under ORS 731.312 (Report of examination) is not confidential under this section. [1995 c.638 §3; 2001 c.377 §7]

Source: Section 731.750 — Confidentiality of report of material acquisitions or dispositions of assets, material nonrenewals, cancellations and revisions of ceded reinsurance agreements , https://www.­oregonlegislature.­gov/bills_laws/ors/ors731.­html (accessed May 26, 2025).
ORS § 742.046 — OR Code / Title 56 / Chapter 742 / Section 742.046
742.046 Delivery of policy
Status: in_force

(1) Subject to the insurer’s requirements for paying premiums, the insurer shall mail or deliver every policy to the insured or to the person entitled to the policy within a reasonable period of time after the insurer issues the policy, unless the insured has not met a condition required by the insurer.

(2) If the insurer delivers or deposits, or must deliver or deposit, the original policy to or with any vendor, mortgagee or pledgee of any motor vehicle, and the original policy insures the vendee’s, mortgagor’s or pledgor’s interest in or with reference to the motor vehicle, the vendor, mortgagee or pledgee shall deliver a duplicate or memorandum of the policy that sets forth the name and address of the insurer, the insurance classification of the vehicle, the type of coverage, the limits of liability, premiums for the respective coverages and the duration of the policy to each vendee, mortgagor or pledgor that is named in the policy or that is within the group of persons the policy specifies must be included. If the policy does not cover legal liability for injury to persons or damage to the property of third parties, the face of the duplicate policy or memorandum must conspicuously state, in writing, in print or with a stamp, that the policy does not provide such coverage. This subsection does not apply to inland marine floater policies.

(3) Notwithstanding the requirements set forth in subsections (1) and (2) of this section and the consent and notice requirements set forth in ORS 84.070 (Consumer transactions) (2), an insurer may post on the insurer’s website a standard property and casualty insurance policy and endorsements that do not have personally identifiable information. If the insurer posts an insurance policy and endorsements on the insurer’s website in lieu of mailing or delivering the insurance policy and endorsements to the insured, the insurer shall:

(a) Ensure that the insurance policy and endorsements are easily accessible for as long as the insurance policy is in force;

(b) Archive expired policies and endorsements for five years after the policies expire and make archived policies available upon request;

(c) Post the policy and endorsements in a manner that enables the insured to use software that is free of charge and widely available on the Internet to save and print the policy and endorsements;

(d) Provide in, or simultaneously with, each declarations page that the insurer provides at the time the insurer issues or renews the policy:

(A) A description of the exact policy and endorsements that the insurer purchased;

(B) A statement that advises the insured of the right to request and obtain, without charge, a printed copy of the insured’s policy and endorsements and instructions for making the request; and

(C) The Internet address at which the insurer posted the insured’s policy and endorsements; and

(e) Notify the insured, in the manner in which the insurer customarily communicates with the insured, of any changes to the policy or endorsements. [Formerly 743.078; 2015 c.612 §1]

Source: Section 742.046 — Delivery of policy; website posting as alternative to delivery , https://www.­oregonlegislature.­gov/bills_laws/ors/ors742.­html (accessed May 26, 2025).
ORS § 744.367 — OR Code / Title 56 / Chapter 744 / Section 744.367
744.367 Limitations on ability to enter life settlement contract
Status: in_force

(1) A person may not enter into a life settlement contract at any time prior to the application or issuance of a policy that is the subject of a life settlement contract or within a five-year period commencing with the date of issuance of the insurance policy or certificate. However, this five-year restriction does not apply if the owner certifies to the life settlement provider that any one or more of the following conditions has been met within the five-year period:

(a) The policy was issued upon the owner’s exercise of conversion rights arising out of a group or individual policy if the total of the time covered under the conversion policy plus the time covered under the prior policy is at least 60 months. The time covered under a group policy is calculated without regard to any change in insurance carriers, provided the coverage has been continuous and under the same group sponsorship;

(b) The owner submits independent evidence to the life settlement provider that one or more of the following conditions have been met within the five-year period:

(A) The owner or insured is terminally ill or chronically ill;

(B) The owner’s spouse dies;

(C) The owner divorces the owner’s spouse;

(D) The owner retires from full-time employment;

(E) The owner becomes physically or mentally disabled and a physician, naturopathic physician licensed under ORS chapter 685, physician assistant licensed under ORS 677.505 (Application of provisions governing physician assistants to other health professions) to 677.525 (Fees) or nurse practitioner licensed under ORS 678.375 (Nurse practitioners) to 678.390 (Authority of nurse practitioner and clinical nurse specialist to write prescriptions or dispense drugs) determines that the disability prevents the owner from maintaining full-time employment; or

(F) A final order, judgment or decree is entered by a court of competent jurisdiction, on the application of a creditor of the owner, adjudicating the owner bankrupt or insolvent, or approving a petition seeking reorganization of the owner or appointing a receiver, trustee or liquidator to all or a substantial part of the owner’s assets; or

(c) The owner enters into a life settlement contract more than two years after the date of issuance of a policy and, with respect to the policy, at all times prior to the date that is two years after policy issuance, the following conditions are met:

(A) Policy premiums have been funded exclusively with unencumbered assets, including an interest in the life insurance policy being financed only to the extent of its net cash surrender value, provided by, or full recourse liability incurred by, the insured or a person closely related to the insured by blood or law or a party having a lawful substantial economic interest in the continued life, health and bodily safety of the person insured, or a trust established primarily for the benefit of such parties;

(B) There is no agreement or understanding with any other person to guarantee any such liability or to purchase or stand ready to purchase the policy, including through an assumption or forgiveness of the loan; and

(C) Neither the insured nor the policy has been evaluated for settlement.

(2) Copies of the independent evidence described in subsection (1)(b) of this section and documents required by ORS 744.364 (Life settlement contract requirements) (1) must be submitted to the insurer when the life settlement provider or other party entering into a life settlement contract with an owner submits a request to the insurer for verification of coverage. The copies must be accompanied by a letter of attestation from the life settlement provider that the copies are true and correct copies of the documents received by the life settlement provider.

(3) If the life settlement provider submits to the insurer a copy of the owner’s or insured’s certification described in and the documents required by ORS 744.364 (Life settlement contract requirements) (1) when the provider submits a request to the insurer to effect the transfer of the policy or certificate to the life settlement provider, the copy conclusively establishes that the life settlement contract satisfies the requirements of this section and the insurer shall respond in a timely manner to the request.

(4) An insurer may not, as a condition of responding to a request for verification of coverage or effecting the transfer of a policy pursuant to a life settlement contract, require that the owner, insured, life settlement provider or life settlement broker sign any forms, disclosures, consent or waiver form that has not been expressly approved by the Director of the Department of Consumer and Business Services for use in connection with life settlement contracts in this state.

(5) Upon receipt of a properly completed request for a change of ownership or beneficiary of a policy, the insurer shall respond in writing within 30 calendar days with written acknowledgement confirming that the change has been effected or specifying the reasons why the requested change cannot be processed. The insurer may not unreasonably delay effecting change of ownership or beneficiary and may not otherwise seek to interfere with any life settlement contract lawfully entered into in this state. [2009 c.711 §14; 2014 c.45 §78; 2017 c.356 §99]

Source: Section 744.367 — Limitations on ability to enter life settlement contract; exceptions , https://www.­oregonlegislature.­gov/bills_laws/ors/ors744.­html (accessed May 26, 2025).
ORS § 743.240 — OR Code / Title 56 / Chapter 743 / Section 743.240
743.240 Profit-sharing, charter or founders policies prohibited
Status: in_force

No profit-sharing, charter or founders policy shall be issued or delivered in this state. [Formerly 739.720]

Source: Section 743.240 — Profit-sharing, charter or founders policies prohibited , https://www.­oregonlegislature.­gov/bills_laws/ors/ors743.­html (accessed May 26, 2025).
ORS § 744.541 — OR Code / Title 56 / Chapter 744 / Section 744.541
744.541 Adjustment of claim under policy issued by unauthorized insurer
Status: in_force

An adjuster may adjust a loss claimed under an insurance policy issued by an unauthorized insurer other than a surplus line insurer. The adjuster shall notify the Director of the Department of Consumer and Business Services thereof not later than the 20th day after adjusting the loss. [1989 c.701 §50]

Source: Section 744.541 — Adjustment of claim under policy issued by unauthorized insurer , https://www.­oregonlegislature.­gov/bills_laws/ors/ors744.­html (accessed May 26, 2025).
ORS § 733.150 — OR Code / Title 56 / Chapter 733 / Section 733.150
733.150 Alternative accounting for assets and liabilities
Status: in_force

Assets may be allowed as deductions from corresponding liabilities, liabilities may be charged as deductions from assets, deductions from assets may be charged as liabilities, and deductions from liabilities may be allowed as assets, in accordance with the form of annual statement prescribed by the Director of the Department of Consumer and Business Services, or otherwise in the discretion of the director. [1967 c.359 §222]

Source: Section 733.150 — Alternative accounting for assets and liabilities , https://www.­oregonlegislature.­gov/bills_laws/ors/ors733.­html (accessed May 26, 2025).
ORS § 731.475 — OR Code / Title 56 / Chapter 731 / Section 731.475
731.475 Claims processing by workers’ compensation insurer
Status: in_force

(1) Intentionally left blank —Ed.

(a) Every insurer authorized to issue workers’ compensation coverage to subject employers as required by ORS chapter 656 shall maintain a place of business in this state where the insurer shall:

(A) Process claims and make available complete records of claims for compensation made to the insurer under ORS chapter 656.

(B) Make available upon request complete records, including all records submitted electronically, of all workers’ compensation insurance policies issued as required by ORS chapter 656.

(C) Make available records identifying the specific persons covered by an employer electing coverage pursuant to ORS 656.039 (Election of coverage for workers not subject to law) .

(b) Notwithstanding the requirement in paragraph (a) of this subsection that an insurer process claims at a place of business in this state, the Director of the Department of Consumer and Business Services by rule may allow the insurer to process claims remotely from a place of business in this state.

(2) An insurer may dispose of the records described in subsection (1) of this section only in accordance with the rules of the director. The records must be available to the Department of Consumer and Business Services for examination and audit at all reasonable times upon notice by the department to the insurer.

(3) In lieu of maintaining a place of business in this state for the purpose of complying with this section, an insurer may make such records available at places of business in this state operated by service companies, if:

(a) Each service company is incorporated in or authorized to do business in this state;

(b) An agreement between the insurer and the service company grants each service company a power of attorney to act for the insurer in workers’ compensation coverage and claims proceedings under ORS chapter 656; and

(c) The agreement between the insurer and each service company is approved by the director.

(4) Notwithstanding subsection (3) of this section, an insurer may not:

(a) Enter into a service agreement contract with one of the insurer’s insureds unless the insured has service contracts with other insurers; or

(b) Process claims or maintain claims records at more than eight locations at any one time. [1975 c.585 §2; 1981 c.874 §8; 1987 c.373 §80a; 1989 c.630 §1; 1991 c.67 §194; 2003 c.170 §10; 2007 c.241 §23; 2021 c.21 §3]

Source: Section 731.475 — Claims processing by workers’ compensation insurer; permission for remote claims processing; availability and disposition of claims records; auditing and examinations by director; rules , https://www.­oregonlegislature.­gov/bills_laws/ors/ors731.­html (accessed May 26, 2025).
ORS § 743.689 — OR Code / Title 56 / Chapter 743 / Section 743.689
743.689 Director’s authority upon violation of ORS 743.680 to 743.689
Status: in_force

In addition to any other applicable penalties for violations of the Insurance Code, the Director of the Department of Consumer and Business Services may require insurers violating any provision of ORS 743.680 (Definitions for ORS 743.680 to 743.689) to 743.689 (Director’s authority upon violation of ORS 743.680 to 743.689) or rules adopted pursuant to ORS 743.680 (Definitions for ORS 743.680 to 743.689) to 743.689 (Director’s authority upon violation of ORS 743.680 to 743.689) to cease marketing any Medicare supplement policy or certificate in this state which is related directly or indirectly to a violation or may require such insurer to take such actions as are necessary to comply with the provisions of ORS 743.680 (Definitions for ORS 743.680 to 743.689) to 743.689 (Director’s authority upon violation of ORS 743.680 to 743.689) , or both. [1989 c.255 §10]

Source: Section 743.689 — Director’s authority upon violation of ORS 743.680 to 743.689 , https://www.­oregonlegislature.­gov/bills_laws/ors/ors743.­html (accessed May 26, 2025).
ORS § 731.260 — OR Code / Title 56 / Chapter 731 / Section 731.260
731.260 False or misleading filings
Status: in_force

No person shall file or cause to be filed with the Director of the Department of Consumer and Business Services any article, certificate, report, statement, application or any other information required or permitted to be so filed under the Insurance Code and known to such person to be false or misleading in any material respect. [Formerly 736.650]

Source: Section 731.260 — False or misleading filings , https://www.­oregonlegislature.­gov/bills_laws/ors/ors731.­html (accessed May 26, 2025).
ORS § 735.639 — OR Code / Title 56 / Chapter 735 / Section 735.639
735.639 Prohibited activities
Status: in_force

(1) A person may not use or disseminate in marketing, advertising, promotional, sales or plan documents or other informational materials for discount medical plans or in communications with plan members or prospective plan members:

(a) Misleading, deceptive or false statements; or

(b) The terms “health plan,” “coverage,” “copay,” “copayments,” “deductible,” “preexisting condition,” “guaranteed issue,” “premium,” “preferred provider organization” or other terms in a manner that could reasonably mislead an individual into believing that the discount medical plan is insurance.

(2) For the purposes of subsection (1) of this section, “misleading, deceptive or false statements” includes, but is not limited to, statements that:

(a) Are misleading in fact or implication, including statements that, while containing truthful elements, conceal or omit information necessary or relevant for a consumer to make informed decisions concerning discount medical plans; or

(b) Have a capacity or tendency to mislead or deceive based on the overall impression a reasonable consumer may form after seeing or hearing the statements.

(3) A person may not represent in any marketing, advertising, promotional, sales or plan documents or other informational materials for a discount medical plan or in communications with plan members or prospective plan members that the State of Oregon reviews or approves the discount medical plan.

(4) Before a person uses an advertisement, a brochure, a discount card or promotional or marketing material for marketing, promoting, selling or distributing a discount medical plan, the discount medical plan organization shall approve the material in writing.

(5) At the request of the Director of the Department of Consumer and Business Services, a discount medical plan organization shall submit to the director an advertisement, a brochure, a discount card or promotional or marketing material used for marketing, promoting, selling or distributing a discount medical plan. [Formerly 742.434]

Note: See note under 735.631 (Definitions for ORS 735.631 to 735.643) .

Source: Section 735.639 — Prohibited activities , https://www.­oregonlegislature.­gov/bills_laws/ors/ors735.­html (accessed May 26, 2025).
ORS § 743.298 — OR Code / Title 56 / Chapter 743 / Section 743.298
743.298 Penalties, fees or charges
Status: in_force

(1) Notwithstanding the provisions of ORS 743.275 (Standard Nonforfeiture Law for Individual Deferred Annuities) to 743.295 (Effect of certain life insurance and disability benefits on minimum nonforfeiture amounts) , the Department of Consumer and Business Services may adopt rules to regulate the penalties, fees or other charges that an insurer imposes for a withdrawal, before maturity or after the owner or annuitant dies, from an individual deferred annuity policy.

(2) In adopting rules under subsection (1) of this section, the department shall consider:

(a) Standards, regulations, rules, policies or guidelines that other states, public and private national organizations and other bodies apply to impositions of the types of penalties, fees or charges described in subsection (1) of this section;

(b) Whether the penalty, fee or charge the insurer imposes is appropriate for and suited to achieving the insurer’s stated purpose in imposing the penalty, fee or charge;

(c) How an insurer calculates the penalty, fee or charge;

(d) The benefits to which the penalty, fee or charge applies;

(e) Whether the insurer could take actions other than imposing a penalty, fee or charge in order to achieve the purpose for which the insurer imposed the penalty, fee or charge;

(f) When insurers may or do not impose penalties, fees or charges for withdrawals before maturity or after the owner or annuitant dies;

(g) Limitations on the amount of the insurer’s penalty, fee or charge; and

(h) Other aspects, facts, circumstances or elements that the department deems relevant. [2015 c.85 §2]

Source: Section 743.298 — Penalties, fees or charges; rules , https://www.­oregonlegislature.­gov/bills_laws/ors/ors743.­html (accessed May 26, 2025).
ORS § 735.485 — OR Code / Title 56 / Chapter 735 / Section 735.485
735.485 Actions against surplus lines insurer
Status: in_force

(1) A surplus lines insurer may be sued upon any cause of action arising in this state under any surplus lines insurance contract on an Oregon home state risk made by it or evidence of insurance issued or delivered by the surplus lines licensee pursuant to the procedure provided in ORS 735.490 (Jurisdiction in action against insurer) . Any surplus lines policy issued by the surplus lines licensee shall contain a provision stating the substance of this section and designating the person to whom process shall be delivered.

(2) Each surplus lines insurer assuming surplus lines insurance shall be considered thereby to have subjected itself to ORS 735.400 (Purposes of ORS 735.400 to 735.495) to 735.495 (Short title) .

(3) The remedies provided in this section are in addition to any other methods provided by law for service of process upon insurers.

(4) When a nonresident surplus lines insurance producer transacts outside this state a surplus lines insurance contract covering an Oregon home state risk, the producer and the surplus lines insurer of the contract are subject to this section and to ORS 735.490 (Jurisdiction in action against insurer) or to rules adopted by the director in lieu thereof. [1987 c.774 §134; 1989 c.288 §5; 2001 c.191 §49a; 2011 c.660 §18]

Source: Section 735.485 — Actions against surplus lines insurer , https://www.­oregonlegislature.­gov/bills_laws/ors/ors735.­html (accessed May 26, 2025).
ORS § 737.275 — OR Code / Title 56 / Chapter 737 / Section 737.275
737.275 Preparation of rates, rating systems and other administrative matters by insurers under common ownership
Status: in_force

With respect to any matters pertaining to the making of rates or rating systems, the preparation or making of insurance policy or bond forms, underwriting rules, surveys, inspections and investigations, the furnishing of loss or expense statistics or other information and data, or carrying on of research, two or more admitted insurers having a common ownership or operating in this state under common management or control are hereby authorized to act in concert between or among themselves the same as if they constituted a single insurer, and to the extent that such matters relate to co-surety bonds, two or more admitted insurers executing such bonds are hereby authorized to act in concert between or among themselves the same as if they constituted a single insurer. [1969 c.690 §21]

Source: Section 737.275 — Preparation of rates, rating systems and other administrative matters by insurers under common ownership , https://www.­oregonlegislature.­gov/bills_laws/ors/ors737.­html (accessed May 26, 2025).
ORS § 746.287 — OR Code / Title 56 / Chapter 746 / Section 746.287
746.287 Insurer requirement of installation of aftermarket crash part in vehicle
Status: in_force

(1) Without the consent of the owner of the vehicle, an insurer may not require, directly or indirectly, that a motor vehicle body and frame repair shop supply or install any aftermarket crash part unless the part has been certified by an independent test facility to be at least equivalent to the part being replaced.

(2) For purposes of this section, an aftermarket crash part is at least equivalent to the part being replaced if the aftermarket crash part is the same kind of part and is at least the same quality with respect to fit, finish, function and corrosion resistance. [1987 c.622 §3]

Note: See note under 746.275 (Definitions for ORS 746.275 to 746.300) .

Source: Section 746.287 — Insurer requirement of installation of aftermarket crash part in vehicle , https://www.­oregonlegislature.­gov/bills_laws/ors/ors746.­html (accessed May 26, 2025).
ORS § 731.132 — OR Code / Title 56 / Chapter 731 / Section 731.132
731.132 “Required capitalization.”
Status: in_force

“Required capitalization” means the minimum combined paid-up capital and surplus required by the Insurance Code of a stock insurer, or the minimum surplus so required of an insurer without capital stock. [1967 c.359 §27]

Source: Section 731.132 — “Required capitalization.” , https://www.­oregonlegislature.­gov/bills_laws/ors/ors731.­html (accessed May 26, 2025).
ORS § 735.174 — OR Code / Title 56 / Chapter 735 / Section 735.174
735.174 Examination
Status: in_force

(1) Intentionally left blank —Ed.

(a) The Director of the Department of Consumer and Business Services shall examine the affairs of each captive insurer once in each three-year period.

(b) The three-year period described in paragraph (a) of this subsection is determined on the basis of three full annual accounting periods of operation.

(c) The examination is to be made as of December 31 of the full three-year period or as of the last day of the month of an annual accounting period authorized for a captive insurer under this section.

(d) In addition to an examination required under this subsection, the director may examine a captive insurer whenever the director determines it to be prudent.

(2) During an examination under this section, the director shall thoroughly examine the affairs of the captive insurer to ascertain:

(a) The financial condition of the captive insurer;

(b) The ability of the captive insurer to fulfill the obligations of the captive insurer; and

(c) Whether the captive insurer meets the requirements of ORS 735.150 (Definitions for ORS 735.150 to 735.190) to 735.190 (Incorporation of captive reinsurer) .

(3) The director may expand the three-year period described in subsection (1) of this section to five years if during that period a captive insurer is subject to a comprehensive annual audit:

(a) Of a scope satisfactory to the director; and

(b) Performed by independent auditors approved by the director.

(4) The director may accept a comprehensive annual independent audit in lieu of an examination if the scope of the examination is satisfactory to the director and the examination is performed by a qualified independent auditor.

(5) A captive insurer that is examined under this section shall pay the expenses and charges of the examination. [2012 c.84 §14]

Note: See note under 735.150 (Definitions for ORS 735.150 to 735.190) .

Source: Section 735.174 — Examination; frequency; scope; payment of expenses , https://www.­oregonlegislature.­gov/bills_laws/ors/ors735.­html (accessed May 26, 2025).
ORS § 743b.452 — OR Code / Title 56 / Chapter 743b / Section 743b.452
743B.452 Interest on unpaid claims
Status: in_force

(1) An insurer that fails to pay a claim to a provider within the timelines established in ORS 743B.450 (Prompt payment of claims) shall pay simple interest of 12 percent per annum on the unpaid amount of the claim that is due and owing, accruing from the date after the payment was due until the claim is paid. Interest on any overdue payment for a claim begins to accrue on the 31st day after:

(a) The date on which the insurer received the claim; or

(b) The date the insurer receives the requested additional information.

(2) The interest is payable with the payment of the claim. An insurer is not required to pay interest that is in the amount of $2 or less on any claim.

(3) The availability of interest under subsection (1) of this section is in addition to and not in lieu of administrative actions and penalties that may be imposed by the Director of the Department of Consumer and Business Services under the Insurance Code. [Formerly 743.913]

Source: Section 743B.452 — Interest on unpaid claims , https://www.­oregonlegislature.­gov/bills_laws/ors/ors743B.­html (accessed May 26, 2025).
ORS § 746.110 — OR Code / Title 56 / Chapter 746 / Section 746.110
746.110 False, deceptive or misleading statements
Status: in_force

No person shall make, publish, disseminate, circulate, or place before the public, or cause, directly or indirectly, to be made, published, disseminated, circulated, or placed before the public, in a newspaper, magazine or other publication, or in the form of a notice, circular, pamphlet, letter or poster, or over any radio or television station, or in any other way, an advertisement, announcement or statement containing any assertion, representation or statement with respect to the business of insurance or with respect to any person in the conduct of the insurance business, which is untrue, deceptive or misleading. [Formerly 736.608]

Source: Section 746.110 — False, deceptive or misleading statements , https://www.­oregonlegislature.­gov/bills_laws/ors/ors746.­html (accessed May 26, 2025).
ORS § 743b.222 — OR Code / Title 56 / Chapter 743b / Section 743b.222
743B.222 Designation of women’s health care provider as primary care provider
Status: in_force

(1) As used in this section, “women’s health care provider” means an obstetrician or gynecologist, physician assistant specializing in women’s health, advanced registered nurse practitioner specialist in women’s health, naturopathic physician specializing in women’s health or certified nurse midwife, practicing within the applicable lawful scope of practice.

(2) Every health insurance policy that covers hospital, medical or surgical expenses and requires an enrollee to designate a participating primary care provider shall permit a female enrollee to designate a women’s health care provider as the enrollee’s primary care provider if:

(a) The women’s health care provider meets the standards established by the insurer in collaboration with interested parties, including but not limited to the Oregon section of the American College of Obstetricians and Gynecologists; and

(b) The women’s health care provider requests that the insurer make the provider available for designation as a primary care provider.

(3) If a female enrollee has designated a primary care provider who is not a women’s health care provider, an insurance policy as described in subsection (2) of this section shall permit the enrollee to have direct access to a women’s health care provider, without a referral or prior authorization, for obstetrical or gynecological care by a participating health care professional who specializes in obstetrics or gynecology.

(4) The standards established by the insurer under subsection (2) of this section shall not prohibit an insurer from establishing the maximum number of participating primary care providers and participating women’s health care providers necessary to serve a defined population or geographic service area. [Formerly 743.845; 2017 c.356 §96]

Source: Section 743B.222 — Designation of women’s health care provider as primary care provider; direct access to women’s health care provider , https://www.­oregonlegislature.­gov/bills_laws/ors/ors743B.­html (accessed May 26, 2025).
ORS § 744.862 — OR Code / Title 56 / Chapter 744 / Section 744.862
744.862 Limited license to sell insurance
Status: in_force

(1) Intentionally left blank —Ed.

(a) An owner may not sell insurance to an occupant without applying for and receiving a limited license under this section.

(b) An owner does not require a license under this section if the owner displays or makes available materials related to an insurer’s insurance coverage but does not sell the insurance or otherwise benefit from the insurer’s insurance sales.

(2) An owner may apply to the Director of the Department of Consumer and Business Services for a limited license to sell insurance under the provisions of ORS 744.860 (Definitions for ORS 744.860 to 744.870) to 744.870 (Compensation, bonuses and incentives) . The owner shall apply for the limited license on a form with contents the director specifies by rule.

(3) Intentionally left blank —Ed.

(a) An owner shall disclose in the application described in subsection (1) of this section the physical addresses for each of the self-service storage facilities at which the owner will sell insurance under the limited license and shall certify that the owner is an owner with respect to each of the self-service storage facilities.

(b) A licensee may sell insurance at a self-service storage facility other than the self-service storage facilities the licensee disclosed in an application under this section if the licensee notifies the director 30 days before the licensee begins to sell insurance at the other self-service storage facility.

(c) A licensee shall notify the director within 30 days after the licensee no longer sells insurance at a self-service storage facility.

(d) The director may issue and permit the owner to retain a limited license to sell insurance on the condition that the owner sells insurance only at the self-service storage facilities the owner discloses in the application for the limited license or at a self-service storage facility with respect to which the owner gives the director a notice under paragraph (b) of this subsection.

(4) Intentionally left blank —Ed.

(a) The director may issue a limited license to sell insurance to an owner if the director is satisfied that the owner has provided the information and made the disclosures the director requires under subsection (2) of this section.

(b) A limited license that the director issues under this subsection authorizes a licensee to sell insurance at all of the self-service storage facilities the licensee disclosed in an application under subsection (2) of this section. A licensee does not need a separate limited license for each self-service storage facility. [2013 c.280 §3]

Source: Section 744.862 — Limited license to sell insurance; exemption; application; disclosures required; conditions on license , https://www.­oregonlegislature.­gov/bills_laws/ors/ors744.­html (accessed May 26, 2025).
ORS § 743.034 — OR Code / Title 56 / Chapter 743 / Section 743.034
743.034 Coordination with Oregon Health Authority concerning uniform standards
Status: in_force

(1) The Department of Consumer and Business Services and the Oregon Health Authority shall confer before the department finalizes rules implementing uniform standards under ORS 743.029 (Uniform standards for health care financial and administrative transactions) , for the purpose of reconciling any differences between the department’s and the authority’s requirements for health care financial and administrative transactions described in ORS 743.029 (Uniform standards for health care financial and administrative transactions) . If the Department of Consumer and Business Services proposes to amend any rule concerning uniform standards for health care financial and administrative transactions under ORS 743.029 (Uniform standards for health care financial and administrative transactions) or the authority proposes to amend any rule in a manner that would be inconsistent with the uniform standards, the agency proposing to amend the rules shall notify the other agency. The agencies shall confer before a final rule is adopted to ensure that the standards remain uniform and consistent to the extent practicable.

(2) The Department of Human Services shall be subject to the uniform standards adopted by the Department of Consumer and Business Services and the authority under ORS 743.029 (Uniform standards for health care financial and administrative transactions) that are applicable to the operations of the Department of Human Services. [Formerly 743.064]

Note: See note under 743.031 (Stakeholder work group to recommend uniform standards) .

Source: Section 743.034 — Coordination with Oregon Health Authority concerning uniform standards; Department of Human Services to be subject to standards , https://www.­oregonlegislature.­gov/bills_laws/ors/ors743.­html (accessed May 26, 2025).
ORS § 737.350 — OR Code / Title 56 / Chapter 737 / Section 737.350
737.350 Application for license by rating organization
Status: in_force

No rating organization shall conduct its operations in this state without first filing with the Director of the Department of Consumer and Business Services a written application for a license as a rating organization for such classes of insurance, or subdivision or class of risk or a part or combination thereof as are specified in its application and shall file therewith:

(1) A copy of its constitution, its articles of agreement or association or its certificate of incorporation, and of its bylaws, rules and regulations governing the conduct of its business.

(2) A list of its members and subscribers.

(3) The name and address of a resident of this state upon whom notices or orders of the director or process affecting such rating organization may be served.

(4) A statement of its qualifications as a rating organization. This statement shall be on forms prescribed and furnished by the director and shall include:

(a) In the case of a fire insurance rating organization, a showing as to its facilities for inspecting and surveying the various municipalities and fire risks in this state and for inspecting and surveying in this state the facilities for the preventing, confining and extinguishing of fires and such other information as the director may require; and

(b) In the case of a title insurance rating organization, a showing that adequate representation, as determined by the director, is provided for title insurance producers. [Amended by 1967 c.359 §318; 1969 c.690 §18; 1979 c.501 §2; 2003 c.364 §97]

Source: Section 737.350 — Application for license by rating organization , https://www.­oregonlegislature.­gov/bills_laws/ors/ors737.­html (accessed May 26, 2025).
ORS § 731.316 — OR Code / Title 56 / Chapter 731 / Section 731.316
731.316 Expenses of examination of insurer
Status: in_force

Any person examined under ORS 731.300 (Examination of insurers) shall pay to the Director of the Department of Consumer and Business Services the just and legitimate costs of the examination as determined by the director, including actual necessary transportation and traveling expenses. [Formerly 736.565; 1969 c.336 §6]

Source: Section 731.316 — Expenses of examination of insurer , https://www.­oregonlegislature.­gov/bills_laws/ors/ors731.­html (accessed May 26, 2025).
ORS § 732.620 — OR Code / Title 56 / Chapter 732 / Section 732.620
732.620 Status of mutual holding company as corporation
Status: in_force

(1) A mutual holding company is a corporation. To the extent not inconsistent with the provisions of the Insurance Code or ORS 732.600 (Definitions for ORS 732.600 to 732.630) to 732.630 (Dissenters’ rights) , ORS chapter 60 governs the powers, duties and relationships of a mutual holding company. The following sections in ORS chapter 60 do not apply to a mutual holding company: ORS 60.004 (Filing requirements) , 60.007 (Filing, service, copying and certification fees) to 60.014 (Correcting filed document) , 60.016 (Forms) , 60.017 (Filing duty of Secretary of State) to 60.024 (Evidentiary effect of copy of filed document) , 60.027 (Certificate of existence or authorization) , 60.031 (Powers) , 60.051 (Incorporation) to 60.057 (Organization of corporation) , 60.131 (Authorized shares) to 60.147 (Issuance of shares) , 60.154 (Share dividends) to 60.177 (Corporation’s acquisition of its own shares) , 60.224 (Shareholders’ list for meeting) , 60.227 (Voting entitlement of shares) , 60.234 (Shares held by nominees) , 60.241 (Quorum and voting requirements for voting groups) to 60.265 (Validity of shareholder agreements inconsistent with chapter) , 60.470 (Definitions for ORS 60.470 to 60.501) to 60.534 (Sale of assets other than in regular course of business) , 60.551 (Definitions for ORS 60.551 to 60.594) to 60.594 (Court costs and counsel fees) , 60.701 (Authority to transact business required) to 60.747 (Reinstatement of authority) , 60.787 (Annual report) , 60.801 (Definitions for ORS 60.801 to 60.816) to 60.816 (Short title) and 60.825 (Definitions for ORS 60.825 to 60.845) to 60.845 (Greater vote of shareholders prohibited) . The enumeration in this subsection of inapplicable sections in ORS chapter 60 is not exclusive.

(2) In applying ORS chapter 60 as provided in this section, unless the context requires otherwise, references to:

(a) “Corporation” shall be deemed references to “mutual holding company.”

(b) “Shareholders” shall be deemed references to “members.”

(c) “Secretary of State” shall be deemed references to “Director of the Department of Consumer and Business Services.”

(3) A mutual holding company is not an insurer for purposes of the Insurance Code. However, in the event a mutual holding company engages in an activity described in ORS 732.521 (Activities that are prohibited unless specified procedures followed) , then ORS 732.517 (Purpose of ORS 732.517 to 732.546) to 732.546 (Severability) shall apply to the mutual holding company and the effect of such activity shall be governed by ORS 732.517 (Purpose of ORS 732.517 to 732.546) to 732.546 (Severability) . A mutual holding company may merge with another corporation in accordance with a plan of restructuring described in ORS 732.622 (Restructuring of mutual holding company) and 732.624 (Approval by Director of Department of Consumer and Business Services of mutual holding company restructuring plan) .

(4) A mutual holding company shall not dissolve or liquidate without approval by the director or unless required by judicial order. The director retains jurisdiction over a mutual holding company, any intermediate stock holding company and any subsidiary of an intermediate stock holding company as provided in this section and as provided in ORS 732.517 (Purpose of ORS 732.517 to 732.546) to 732.596 (Request by insurance holding company system for determination or acknowledgement of group-wide supervisor) .

(5) The members of a mutual holding company have the rights and obligations set forth in this section and in the articles of incorporation and bylaws of the mutual holding company. No member of a mutual holding company may transfer membership in the mutual holding company or any right arising from such membership. Such limitation on the transfer of membership or rights arising from membership shall not restrict the assignment of a policy that is otherwise permissible. A member of a mutual holding company is not personally liable for the acts, debts, liabilities or obligations of the mutual holding company merely by reason of being a member. No assessment of any kind may be imposed upon a member of a mutual holding company.

(6) A membership interest in a mutual holding company shall not constitute a security as defined in ORS 59.015 (Definitions for Oregon Securities Law) .

(7) Each member of a mutual holding company is entitled to one vote on each matter coming before a meeting of the members and for each director to be elected regardless of the number of policies or amount of insurance and benefits held by such member. The voting rights of the members of a mutual holding company shall be determined in accordance with ORS 732.470 (Voting rights of members of mutual insurer) .

(8) Meetings of the members of a mutual holding company shall be governed by ORS 732.475 (Members’ meetings and procedures of domestic mutual and reciprocal insurers) in the same manner as if the mutual holding company were a domestic mutual insurer, except for provisions governing quorum requirements, the approval of matters by the members and the election of directors by the members. The members present in person or represented by proxy shall constitute a quorum at a duly called meeting of the members. If a quorum exists, action on a matter, other than the election of directors, is approved by the members if the votes cast in favor of the action exceed the votes cast opposing the action, unless the articles of incorporation require a greater number of affirmative votes. Unless otherwise provided in the articles of incorporation, directors are elected by a plurality of the votes cast by the members entitled to vote in the election at a meeting at which a quorum exists.

(9) The articles of incorporation of a mutual holding company must contain the following provisions:

(a) The name of the mutual holding company. The name must include the words “mutual holding company” or “mutual insurance holding company” or other words connoting the mutual character of the mutual holding company that are approved by the director.

(b) A provision specifying that the mutual holding company is not authorized to issue capital stock, whether voting or nonvoting.

(c) A provision setting forth any rights of the members of the mutual holding company upon dissolution or liquidation.

(10) A mutual holding company shall automatically be a party to any rehabilitation or liquidation proceeding involving the converted stock insurer that as a result of a reorganization is a direct or indirect subsidiary of the mutual holding company. In such a proceeding, the assets of the mutual holding company shall be counted as assets of the estate of the converted stock insurer for the purpose of satisfying the claims of the policyholders of the converted stock insurer. [1997 c.771 §10]

Source: Section 732.620 — Status of mutual holding company as corporation; status as insurer; rights and obligations of members; voting; articles of incorporation , https://www.­oregonlegislature.­gov/bills_laws/ors/ors732.­html (accessed May 26, 2025).
ORS § 731.082 — OR Code / Title 56 / Chapter 731 / Section 731.082
731.082 “Domestic,” “foreign,” “alien” insurer
Status: in_force

(1) “Domestic insurer” means an insurer formed under the laws of this state.

(2) “Foreign insurer” means an insurer formed under the laws of a state other than this state.

(3) “Alien insurer” means an insurer formed under the laws of any country other than the United States of America or a state thereof. [1967 c.359 §17]

Source: Section 731.082 — “Domestic,” “foreign,” “alien” insurer , https://www.­oregonlegislature.­gov/bills_laws/ors/ors731.­html (accessed May 26, 2025).
ORS § 732.440 — OR Code / Title 56 / Chapter 732 / Section 732.440
732.440 Prohibited sales of securities
Status: in_force

(1) No beneficial owner, director or officer, as described in ORS 732.430 (Filing statement of security ownership with director) directly or indirectly, shall sell any equity security of such insurer if the person selling the security or the person’s principal:

(a) Does not own the security sold; or

(b) If owning the security, does not deliver it against such sale within 20 days thereafter, or does not within five days after such sale deposit it in the mails or other usual channels of transportation.

(2) No person shall be deemed to have violated this section if the person proves that notwithstanding the exercise of good faith the person was unable to make such delivery or deposit within such time, or that to do so would cause undue inconvenience or expense. [Formerly 738.750]

Source: Section 732.440 — Prohibited sales of securities , https://www.­oregonlegislature.­gov/bills_laws/ors/ors732.­html (accessed May 26, 2025).
ORS § 744.740 — OR Code / Title 56 / Chapter 744 / Section 744.740
744.740 Responsibility of insurer using third party administrator
Status: in_force

(1) An insurer who uses the services of a third party administrator is responsible for determining the benefits, premium rates, underwriting criteria and claims payment procedures applicable to the coverage and for securing any reinsurance. The rules pertaining to such matters must be provided in writing by the insurer to the third party administrator.

(2) An insurer is solely responsible for providing competent administration of its programs.

(3) When a third party administrator administers benefits for more than 100 certificate holders on behalf of an insurer, the insurer shall conduct a review of the operations of the third party administrator at least annually. [1991 c.812 §22]

Source: Section 744.740 — Responsibility of insurer using third party administrator , https://www.­oregonlegislature.­gov/bills_laws/ors/ors744.­html (accessed May 26, 2025).
ORS § 733.695 — OR Code / Title 56 / Chapter 733 / Section 733.695
733.695 Investment of funds in obligations that are not investment quality
Status: in_force

Funds of an insurer may be invested in obligations that are not investment grade as established by the Director of the Department of Consumer and Business Services by rule, but the funds that an insurer may invest under this section shall not exceed 20 percent of the insurer’s assets. [1989 c.425 §2b; 1993 c.447 §22]

Source: Section 733.695 — Investment of funds in obligations that are not investment quality; rules , https://www.­oregonlegislature.­gov/bills_laws/ors/ors733.­html (accessed May 26, 2025).
ORS § 734.360 — OR Code / Title 56 / Chapter 734 / Section 734.360
734.360 Preference of claims
Status: in_force

Except as provided in ORS 734.310 (Priority of secured claims) for secured claims, the claims to be paid in full in delinquency proceedings prior to the payment of any other claims, and the order of payment, shall be:

(1) Expenses of administration of the delinquency proceedings and expenses of the Oregon Insurance Guaranty Association or similar organization in another state handling claims in accordance with ORS 734.510 (Definitions for ORS 734.510 to 734.710) to 734.710 (Administration of delinquency proceeding claims and expenses) ;

(2) All claims under policies, including third party claims and claims under nonassessable policies for unearned premiums, and all claims by the Oregon Insurance Guaranty Association, the Oregon Life and Health Insurance Guaranty Association or any similar organization in another state for payment of covered claims or contractual obligations;

(3) Claims legally due and owing by the insurer to the United States;

(4) If the insurer is domiciled in this state, compensation or wages actually owing to salaried employees other than officers of the insurer, for services rendered within three months prior to the commencement of the delinquency proceeding, but not exceeding $2,000 for each such employee;

(5) Claims legally due and owing by the insurer to this state; and

(6) Claims, including special deposit claims, owing to any person, including this state, that by the laws of this state is entitled to priority. [1967 c.359 §290; 1977 c.793 §7; 1983 c.223 §1; 2001 c.974 §3]

Source: Section 734.360 — Preference of claims , https://www.­oregonlegislature.­gov/bills_laws/ors/ors734.­html (accessed May 26, 2025).
ORS § 732.455 — OR Code / Title 56 / Chapter 732 / Section 732.455
732.455 Rules
Status: in_force

The Director of the Department of Consumer and Business Services shall have the power to make such rules as may be necessary for the execution of the functions vested in the director by ORS 732.420 (“Equity security” defined) to 732.455 (Rules) , and may for such purpose classify domestic stock insurers, securities, and other persons or matters within the director’s jurisdiction. No provision of ORS 732.430 (Filing statement of security ownership with director) , 732.435 (Suit to recover insider profits) and 732.440 (Prohibited sales of securities) imposing any liability shall apply to any act done or omitted in good faith in conformity with any rule of the director, notwithstanding that such rule may, after such act or omission, be amended or rescinded or determined by judicial or other authority to be invalid for any reason. [Formerly 738.780]

Source: Section 732.455 — Rules , https://www.­oregonlegislature.­gov/bills_laws/ors/ors732.­html (accessed May 26, 2025).
ORS § 743a.062 — OR Code / Title 56 / Chapter 743a / Section 743a.062
743A.062 Prescription drugs
Status: in_force

(1) As used in this section, “medical assistance program” means the state program that provides medical assistance as defined in ORS 414.025 (Definitions for ORS chapters 411, 413 and 414) .

(2) An insurance policy or contract providing coverage for a prescription drug to a resident of this state may not:

(a) Exclude coverage of the drug for a particular indication solely on the grounds that the indication has not been approved by the United States Food and Drug Administration if the Health Evidence Review Commission established under ORS 414.688 (Commission established) or the Pharmacy and Therapeutics Committee established under ORS 414.353 (Committee established) determines that the drug is recognized as effective for the treatment of that indication:

(A) In publications that the commission or the committee determines to be equivalent to:

(i) The American Hospital Formulary Service drug information;

(ii) “Drug Facts and Comparisons” (Lippincott-Raven Publishers);

(iii) The United States Pharmacopoeia drug information; or

(iv) Other publications that have been identified by the United States Secretary of Health and Human Services as authoritative;

(B) In the majority of relevant peer-reviewed medical literature; or

(C) By the United States Secretary of Health and Human Services; or

(b) For an insured who is enrolled in the medical assistance program:

(A) Except as provided in subsection (3) of this section, require a prescription for the drug to be filled or refilled at a mail order pharmacy; or

(B) Require a prescription for the drug to be filled or refilled at a pharmacy that is not a local pharmacy enrolled in the medical assistance program.

(3) Subsection (2)(b)(A) of this section does not prohibit an insurer from requiring a medical assistance recipient to fill or refill a prescription for a specialty drug at a mail order pharmacy that is a specialty pharmacy.

(4) Required coverage of a prescription drug under this section shall include coverage for medically necessary services associated with the administration of that drug.

(5) Nothing in this section requires coverage for any prescription drug if the United States Food and Drug Administration has determined use of the drug to be contraindicated.

(6) Nothing in this section requires coverage for experimental drugs not approved for any indication by the United States Food and Drug Administration.

(7) This section is exempt from ORS 743A.001 (Automatic repeal of certain statutes on individual and group health insurance) . [Formerly 743.697; 2011 c.720 §222; 2021 c.339 §1]

Source: Section 743A.062 — Prescription drugs , https://www.­oregonlegislature.­gov/bills_laws/ors/ors743A.­html (accessed May 26, 2025).
ORS § 733.520 — OR Code / Title 56 / Chapter 733 / Section 733.520
733.520 Current operating requirements exempted
Status: in_force

Funds of an insurer necessary to satisfy normal current operating requirements are not subject to ORS 733.510 (Investments of insurers) to 733.780 (Prohibited investments) . Normal current operating requirements include, but are not limited to, the acquisition of personal property necessary or convenient in the operation of the insurer’s business. [1967 c.359 §230]

Source: Section 733.520 — Current operating requirements exempted , https://www.­oregonlegislature.­gov/bills_laws/ors/ors733.­html (accessed May 26, 2025).
ORS § 743a.020 — OR Code / Title 56 / Chapter 743a / Section 743a.020
743A.020 Services provided by acupuncturist
Status: in_force

(1) An individual or group health insurance policy that provides coverage for acupuncture services performed by a physician shall provide coverage for acupuncture services performed by an acupuncturist licensed under ORS 677.757 (Definitions for ORS 677.757 to 677.770) to 677.770 (Fees) .

(2) The coverage required by subsection (1) of this section may be made subject to provisions of the policy that apply to other benefits under the policy, including, but not limited to, provisions related to deductibles and coinsurance and shall be computed in the same manner whether performed by a physician or an acupuncturist.

(3) Subsection (1) of this section does not require group practice health maintenance organizations that are federally qualified pursuant to Title XIII subchapter XI of the Public Health Service Act (42 U.S.C. 300e et seq.) to employ acupuncturists licensed under ORS 677.757 (Definitions for ORS 677.757 to 677.770) to 677.770 (Fees) .

(4) This section also applies to health care service contractors, as defined in ORS 750.005 (Definitions) , and trusts carrying out multiple employer welfare arrangements, as defined in ORS 750.301 (Definitions for ORS 750.301 to 750.341) . [2007 c.313 §2]

Note: 743A.020 (Services provided by acupuncturist) was added to and made a part of the Insurance Code by legislative action but was not added to ORS chapter 743A or any series therein. See Preface to Oregon Revised Statutes for further explanation.

Source: Section 743A.020 — Services provided by acupuncturist , https://www.­oregonlegislature.­gov/bills_laws/ors/ors743A.­html (accessed May 26, 2025).
ORS § 733.560 — OR Code / Title 56 / Chapter 733 / Section 733.560
733.560 “Unencumbered” defined
Status: reserved

As used in ORS 733.510 (Investments of insurers) to 733.780 (Prohibited investments) , “unencumbered” means the nonexistence of any lien, burden or charge having priority over the lien securing the insurer’s investment. The following shall not be considered encumbrances on real property or leasehold interests therein:

(1) Reservations of mineral, oil or timber rights, easements, rights of way, sewer rights or rights of walls.

(2) Liens for taxes or assessments not delinquent.

(3) Building restrictions or other restrictive covenants common to the community.

(4) Where the loan is secured by a lien upon real property, a lease under which rents or profits are reserved to the owner, if in any event the security for the loan would be a first lien upon the real property except for such lease.

(5) Where the loan is secured by a lien on a leasehold, a prior lien on the real property, provided the security for the loan is a first lien upon the leasehold and there exists no provision preventing the insurer from continuing the lease in force for the duration of the lease or no condition or rights of reentry or forfeiture under which such lien can be cut off, subordinated or otherwise disturbed so long as the lessee’s obligations under the lease are discharged. [1967 c.359 §234]

Source: Section 733.560 — “Unencumbered” defined , https://www.­oregonlegislature.­gov/bills_laws/ors/ors733.­html (accessed May 26, 2025).
ORS § 743.237 — OR Code / Title 56 / Chapter 743 / Section 743.237
743.237 “Coupon policy” defined
Status: in_force

“Coupon policy” means a life insurance policy which provides a series of pure endowments maturing periodically in amounts not exceeding the gross annual policy premiums. The term “pure endowment” or “endowment” is used in its accepted actuarial sense, meaning a benefit becoming payable at a specific future date if the insured person is then living. [Formerly 739.715]

Source: Section 743.237 — “Coupon policy” defined , https://www.­oregonlegislature.­gov/bills_laws/ors/ors743.­html (accessed May 26, 2025).
ORS § 733.640 — OR Code / Title 56 / Chapter 733 / Section 733.640
733.640 Lending funds
Status: in_force

(1) Funds of an insurer may be invested in loans secured by pledges of obligations and stocks eligible for investment under ORS 733.510 (Investments of insurers) to 733.780 (Prohibited investments) . As of the date the loan is made, it shall not exceed in amount 80 percent of the market value of the collateral pledged. No such loan shall be made for the purpose of providing funds to purchase or carry stocks registered on a national securities exchange.

(2) Funds of an insurer may be invested in loans secured by personal property or fixtures if such loan is:

(a) In connection with a loan on the security of real property or a leasehold as provided in ORS 733.580 (Investment of required capitalization) or 733.600 (Investment in mortgage loans) ;

(b) In an amount not exceeding 20 percent of the amount loaned on the real property or leasehold;

(c) For a term of not more than five years;

(d) Secured by a security interest which constitutes a first lien, except for taxes not then delinquent, on tangible, permanent personal property of the borrower kept and used on the premises, other than stocks of goods held for sale or transfer in the ordinary course of business or items which by normal use will be consumed or depleted during the period of the loan; and

(e) In an amount, the ratio of which to the value of the security does not exceed the ratio of the companion loan to the value of the real property or leasehold.

(3) Funds of an insurer may be loaned to its own life insurance policyholder upon the security of such life insurance policy. The loan shall not exceed the cash value of the policy. [Formerly 738.285]

Source: Section 733.640 — Lending funds; limitations on loans , https://www.­oregonlegislature.­gov/bills_laws/ors/ors733.­html (accessed May 26, 2025).
ORS § 731.422 — OR Code / Title 56 / Chapter 731 / Section 731.422
731.422 Order of suspension, revocation or refusal
Status: in_force

(1) All suspensions or revocations of, or refusals to continue, an insurer’s certificate of authority shall be by order of the Director of the Department of Consumer and Business Services order.

(2) Upon suspending, revoking or refusing to continue the insurer’s certificate of authority, the director forthwith shall give notice thereof to the insurer’s insurance producers in this state of record in the Department of Consumer and Business Services, and likewise shall suspend or revoke the authority of such insurance producers to represent the insurer. The director also shall give notice to the insurance supervisory authority in jurisdictions in which the insurer is authorized, if a domestic insurer, or in its domicile if a foreign or alien insurer.

(3) In the discretion of the director, the director may publish notice of such suspension, revocation or refusal in one or more newspapers of general circulation in this state. [1967 c.359 §90; 2003 c.364 §69]

Source: Section 731.422 — Order of suspension, revocation or refusal; effect upon insurance producers’ authority , https://www.­oregonlegislature.­gov/bills_laws/ors/ors731.­html (accessed May 26, 2025).
ORS § 741.340 — OR Code / Title 56 / Chapter 741 / Section 741.340
741.340 Health benefit plans offered through exchange
Status: in_force

The Oregon Health Authority, in developing and offering the health benefit package required by ORS 413.011 (Duties of board) (1)(j), may not establish policies or procedures that discourage insurers from offering more comprehensive health benefit plans that provide greater consumer choice at a higher cost. The health benefit package approved by the Oregon Health Policy Board shall:

(1) Promote the provision of services through an integrated health home model that reduces unnecessary hospitalizations and emergency department visits.

(2) Require little or no cost sharing for evidence-based preventive care and services, such as care and services that have been shown to prevent acute exacerbations of disease symptoms in individuals with chronic illnesses.

(3) Create incentives for individuals to actively participate in their own health care and to maintain or improve their health status.

(4) Require a greater contribution by an enrollee to the cost of elective or discretionary health services.

(5) Include a defined set of health care services that are affordable, financially sustainable and based upon the prioritized list of health services developed and updated by the Health Evidence Review Commission under ORS 414.690 (Prioritized list of health services) . [Formerly 413.064]

Source: Section 741.340 — Health benefit plans offered through exchange , https://www.­oregonlegislature.­gov/bills_laws/ors/ors741.­html (accessed May 26, 2025).
ORS § 743.683 — OR Code / Title 56 / Chapter 743 / Section 743.683
743.683 Policy contents
Status: in_force

(1) A Medicare supplement insurance policy, contract or certificate in force in the state may not contain benefits which duplicate benefits provided by Medicare.

(2) The Director of the Department of Consumer and Business Services shall adopt by rule specific standards for policy provisions of Medicare supplement policies and certificates. The standards shall be in addition to and in accordance with applicable laws of this state. A requirement of the Insurance Code relating to minimum required policy benefits, other than the minimum standards contained in ORS 743.680 (Definitions for ORS 743.680 to 743.689) to 743.689 (Director’s authority upon violation of ORS 743.680 to 743.689) , may not apply to Medicare supplement policies. The standards may cover, but not be limited to:

(a) Terms of renewability;

(b) Initial and subsequent conditions of eligibility;

(c) Nonduplication of coverage;

(d) Probationary periods;

(e) Benefit limitations, exceptions and reductions;

(f) Elimination periods;

(g) Requirements for replacement;

(h) Recurrent conditions; and

(i) Definitions of terms.

(3) Provisions established by the director governing eligibility for Medicare supplement insurance shall not be limited to persons qualifying for Medicare by reason of age.

(4) The director may adopt by rule standards that specify prohibited policy provisions not otherwise specifically authorized by statute which, in the opinion of the director, are unjust, unfair or unfairly discriminatory to any person insured or proposed for coverage under a Medicare supplement policy.

(5) Notwithstanding any other provision of law of this state, a Medicare supplement policy may not deny a claim for losses incurred more than six months from the effective date of coverage for a preexisting condition. The policy may not define a preexisting condition more restrictively than a condition for which medical advice was given or treatment was recommended by or received from a physician or naturopathic physician within six months before the effective date of coverage.

(6) The director shall adopt by rule standards for benefits and claims payment under Medicare supplement policies. [1989 c.255 §§3,4; 1993 c.113 §3; 2017 c.356 §97]

Source: Section 743.683 — Policy contents; standards for benefit and claims payments; rules , https://www.­oregonlegislature.­gov/bills_laws/ors/ors743.­html (accessed May 26, 2025).
ORS § 731.370 — OR Code / Title 56 / Chapter 731 / Section 731.370
731.370 Reciprocal insurer’s financial statement
Status: in_force

(1) The application for a certificate of authority shall be accompanied by a sworn statement of a reciprocal insurer showing the financial condition of the insurer as of December 31 immediately preceding. The Director of the Department of Consumer and Business Services may require a supplemental statement to be furnished as of a later date.

(2) Concurrently with the filing of the declaration provided for by the terms of ORS 731.369 (Requirements of reciprocal insurers generally) , the attorney shall file with the director an instrument in writing executed for the subscribers conditioned that upon the issuance of certificate of authority, action may be brought in the county in which the property insured thereunder is situated or where the injured person resides, and service of process may be had as provided in ORS 731.434 (Registered office and agent) in all actions in this state arising out of policies issued by the reciprocal insurer, which service shall be valid and binding upon all subscribers exchanging at any time reciprocal or interinsurance contracts through such attorney. Actions may be brought against or defended in the name of the reciprocal insurer adopted by the subscribers. [Formerly 749.050]

Source: Section 731.370 — Reciprocal insurer’s financial statement; service of process , https://www.­oregonlegislature.­gov/bills_laws/ors/ors731.­html (accessed May 26, 2025).
ORS § 744.072 — OR Code / Title 56 / Chapter 744 / Section 744.072
744.072 Renewal or reinstatement of insurance producer license
Status: in_force

(1) An insurance producer license remains in effect unless revoked or suspended as long as all applicable fees are paid by the due date and, if the licensee is a resident individual insurance producer, as long as the licensee has met applicable continuing education requirements for resident individual insurance producers under subsection (4) of this section by the due date. The renewal fee is due on the last day of the month in which the second anniversary of the initial issuance date of the license occurs and on the second anniversary following each renewal. The Director of the Department of Consumer and Business Services may establish another renewal period for the purpose of coordination with any national registration or licensing system.

(2) As a condition for or in connection with the renewal of an insurance producer license the director may require the insurance producer to file information with the director regarding use made of the license during the previous year or two years, and especially showing whether the license has been used principally for the writing of personal or controlled insurance, as defined in ORS 746.065 (Personal or controlled insurance) .

(3) The director may require an insurance producer, as a condition for renewal of the insurance producer license, to fulfill any or all of the requirements then applicable to the original issuance of the license.

(4) The director by rule may establish requirements for continuing education that each resident individual insurance producer must satisfy as a condition for renewing the resident insurance producer license. The hours of education so required shall not exceed 45 hours annually during the first five years an individual is licensed, 24 hours annually during the next five years an individual is licensed, and 12 hours annually for individuals licensed for more than 10 years or for individuals who have received the designation C.P.C.U., C.L.U. or comparable designation recognized by the director. Continuing education shall not be required for:

(a) Any person to whom a license is issued without examination pursuant to ORS 744.067 (Exemptions from prelicensing education or examination requirement) (5);

(b) Any person who before January 1, 2010:

(A) Requests an exemption from the requirement;

(B) Is authorized to transact only life insurance;

(C) Is 58 years of age or older;

(D) Has 10 or more years of experience as a licensed insurance producer; and

(E) Is servicing only existing policies; or

(c) Any person whose license is indorsed to authorize the person to act as a reinsurance intermediary broker or reinsurance intermediary manager, or both, as described in ORS 744.800 (Qualifications for reinsurance intermediary brokers and managers) , but the exemption applies solely for the purpose of maintaining the indorsement and does not affect any continuing education requirement that otherwise applies.

(5) In connection with establishing continuing education requirements under subsection (4) of this section, the director may make arrangements, including contracting with a private service, for establishing and operating a program and standards for approving and registering continuing education programs and their providers.

(6) An individual insurance producer who allows the insurance producer license to lapse may apply to the director to reinstate the same license within 12 months from the due date for renewal without having to take and pass a written examination, but the insurance producer must pay an amount for the reinstatement that is equal to double the unpaid renewal fee for any renewal fee paid after the due date and must complete any continuing education requirements not satisfied to date, including the period for which the license was lapsed. A license reinstated under this subsection is effective upon the date that the director grants the reinstatement.

(7) An individual insurance producer who is unable to comply with license renewal procedures due to military service or another extenuating circumstance such as a long term medical disability may request a waiver from compliance with those procedures. The insurance producer may also request a waiver of any examination requirement or any penalty imposed for failure to comply with renewal procedures. [2001 c.191 §12; 2003 c.364 §13; 2009 c.96 §1]

Source: Section 744.072 — Renewal or reinstatement of insurance producer license; continuing education; rules , https://www.­oregonlegislature.­gov/bills_laws/ors/ors744.­html (accessed May 26, 2025).
ORS § 744.314 — OR Code / Title 56 / Chapter 744 / Section 744.314
744.314 Rules
Status: in_force

The Director of the Department of Consumer and Business Services may adopt rules to carry out ORS 744.300 (License and indorsement) to 744.316 (Authority of director if managing general agent violates provisions of ORS 744.300 to 744.316) . [1991 c.495 §10]

Source: Section 744.314 — Rules , https://www.­oregonlegislature.­gov/bills_laws/ors/ors744.­html (accessed May 26, 2025).
ORS § 743.339 — OR Code / Title 56 / Chapter 743 / Section 743.339
743.339 Death during period for conversion to individual policy
Status: in_force

A group life insurance policy shall contain a provision that if a person insured under the group policy dies during the period within which the person would have been entitled to have an individual policy issued in accordance with ORS 743.333 (Termination of individual coverage) or 743.336 (Termination of policy or class of insured persons) and before such an individual policy shall have become effective, the amount of life insurance which the person would have been entitled to have issued under such individual policy shall be payable as a claim under the group policy, whether or not application for the individual policy or the payment of the first premium therefor has been made. [1967 c.359 §424]

Source: Section 743.339 — Death during period for conversion to individual policy , https://www.­oregonlegislature.­gov/bills_laws/ors/ors743.­html (accessed May 26, 2025).
ORS § 752.055 — OR Code / Title 56 / Chapter 752 / Section 752.055
752.055 Short title
Status: in_force

ORS 752.005 (Definitions) to 752.055 (Short title) shall be known and may be cited as “The Oregon Professional Liability Funds Law.” [1987 c.774 §93b]

Source: Section 752.055 — Short title , https://www.­oregonlegislature.­gov/bills_laws/ors/ors752.­html (accessed May 26, 2025).
ORS § 743.522 — OR Code / Title 56 / Chapter 743 / Section 743.522
743.522 Additional groups designated by director
Status: in_force

(1) As used in this section and ORS 743.521 (Leased workers) :

(a) “Client employer” means an employer to whom workers are provided under contract and for a fee on a leased basis by a worker leasing company licensed under ORS 656.850 (License) .

(b) “Employee” may include a retired employee.

(c) “Leased worker” means a worker provided by a worker leasing company licensed under ORS 656.850 (License) .

(2) Group health insurance may be offered to a resident of this state under a group health insurance policy issued to a group other than one of the groups described in ORS 731.098 (“Group health insurance.”) if:

(a) The Director of the Department of Consumer and Business Services finds that:

(A) The issuance of the policy is in the best interest of the public;

(B) The issuance of the policy would result in economies of acquisition or administration; and

(C) The benefits are reasonable in relation to the premiums charged; and

(b) The premium for the policy is paid either from funds of a policyholder, from funds contributed by a covered person or from both. [1967 c.359 §461; 1975 c.229 §1; 1989 c.784 §13; 2001 c.943 §4; 2005 c.22 §492; 2013 c.681 §14]

Source: Section 743.522 — Additional groups designated by director , https://www.­oregonlegislature.­gov/bills_laws/ors/ors743.­html (accessed May 26, 2025).
ORS § 731.406 — OR Code / Title 56 / Chapter 731 / Section 731.406
731.406 What certificate evidences
Status: in_force

(1) An insurer’s subsisting certificate of authority is evidence of its authority to transact in this state the class or classes of insurance specified therein, either as direct insurer or as reinsurer or as both.

(2) Although issued to the insurer the certificate of authority is at all times the property of this state. Upon any suspension, revocation or termination thereof the insurer promptly shall deliver the certificate of authority to the Director of the Department of Consumer and Business Services. [1967 c.359 §86]

Source: Section 731.406 — What certificate evidences; ownership of certificate , https://www.­oregonlegislature.­gov/bills_laws/ors/ors731.­html (accessed May 26, 2025).
ORS § 750.545 — OR Code / Title 56 / Chapter 750 / Section 750.545
750.545 Application
Status: in_force

(1) An applicant for a certificate of registration shall apply to the Director of the Department of Consumer and Business Services on a form prescribed by the director. The application shall be accompanied by the applicable fee established by the director.

(2) An application shall include the following information:

(a) The applicant’s name and the address of the principal office of the organization.

(b) Whether the applicant or any of its directors, officers or managers has ever been convicted of or is under indictment for a crime, has ever had a judgment entered against it or any of them for fraud, and whether any license to act as an insurance producer or in any other occupational or professional capacity has ever been refused, revoked or suspended in this or any other state with respect to the applicant or any of its directors, officers or managers.

(c) A statement of the financial condition of the applicant or of the organization. The statement must be in a form satisfactory to the director and verified by an official of the organization.

(d) Any other information required by the director. [1989 c.331 §6; 1991 c.67 §203; 1991 c.401 §11; 2003 c.364 §171]

Source: Section 750.545 — Application; fee , https://www.­oregonlegislature.­gov/bills_laws/ors/ors750.­html (accessed May 26, 2025).
ORS § 746.160 — OR Code / Title 56 / Chapter 746 / Section 746.160
746.160 Practices injurious to free competition
Status: in_force

Except as otherwise expressly provided by law, no person, either within or outside of this state, directly or indirectly, shall enter into any contract, understanding or combination with any insurer or manager, agent or representative thereof for the purpose of, nor shall any such persons or insurers, jointly or severally do any act or engage in any practice for the purpose of:

(1) Controlling the rates to be charged, or the commissions or other compensations to be paid, for insuring any risk or class of risks in this state;

(2) Discriminating against or differentiating from any insurer, manager or agent, by reason of the plan or method of transacting business or the affiliation or nonaffiliation with any board or association of insurers, managers, agents or representatives; or

(3) Doing anything which is detrimental to free competition in the business or injurious to the insuring public. [Formerly 736.615]

Source: Section 746.160 — Practices injurious to free competition , https://www.­oregonlegislature.­gov/bills_laws/ors/ors746.­html (accessed May 26, 2025).
ORS § 731.363 — OR Code / Title 56 / Chapter 731 / Section 731.363
731.363 Authorized foreign insurer becoming domestic insurer
Status: in_force

(1) An authorized foreign insurer may become a domestic insurer:

(a) By complying with all of the requirements of law relating to the organization and authorization of a domestic insurer of the same type;

(b) By filing articles of incorporation that are amended to comply with all of the requirements of law relating to the organization and authorization of a domestic insurer of the same type; and

(c) By designating its principal place of business at a place in this state.

(2) If the Director of the Department of Consumer and Business Services determines that an authorized foreign insurer has complied with the requirements of subsection (1) of this section, the insurer is entitled to a certificate of authority to transact insurance in this state and shall be subject as a domestic insurer to the authority and jurisdiction of this state. [1995 c.639 §9; 1997 c.771 §24]

Source: Section 731.363 — Authorized foreign insurer becoming domestic insurer , https://www.­oregonlegislature.­gov/bills_laws/ors/ors731.­html (accessed May 26, 2025).
ORS § 737.545 — OR Code / Title 56 / Chapter 737 / Section 737.545
737.545 Procedure for suspension of rating organization license
Status: in_force

The Director of the Department of Consumer and Business Services may suspend the license of any rating organization which fails to comply with an order of the director within the time limited by such order, or any extension thereof which the director may grant. The director shall not suspend the license of any rating organization for failure to comply with an order until the time prescribed for an appeal therefrom has expired or, if an appeal has been taken, until such order has been affirmed. The director may determine when a suspension of license shall become effective, and it shall remain in effect for the period fixed by the director, unless the director modifies or rescinds such suspension, or until the order upon which such suspension is based is modified, rescinded or reversed. [Amended by 1967 c.359 §333]

Source: Section 737.545 — Procedure for suspension of rating organization license , https://www.­oregonlegislature.­gov/bills_laws/ors/ors737.­html (accessed May 26, 2025).
ORS § 731.371 — OR Code / Title 56 / Chapter 731 / Section 731.371
731.371 Powers of reciprocal insurer regarding real estate
Status: in_force

Except where inconsistent with other provisions of the Insurance Code, a reciprocal insurer in its own name, as in the case of an individual, may purchase, receive, own, hold, lease, mortgage, pledge or encumber by deed of trust or otherwise, manage and sell real estate for the purposes and objects of the insurer including, but not limited to, investment for the production of income or for its accommodation in the convenient transaction of its business. Any contract, including but not limited to a deed, lease, mortgage, deed of trust, purchase or sale agreement or any other contract to be executed in the name of the insurer, may be executed by the attorney in fact designated by the insurer’s subscribers. [1991 c.401 §35]

Note: 731.371 (Powers of reciprocal insurer regarding real estate) was added to and made a part of the Insurance Code by legislative action but was not added to ORS chapter 731 or any series therein. See Preface to Oregon Revised Statutes for further explanation.

Source: Section 731.371 — Powers of reciprocal insurer regarding real estate , https://www.­oregonlegislature.­gov/bills_laws/ors/ors731.­html (accessed May 26, 2025).
ORS § 731.380 — OR Code / Title 56 / Chapter 731 / Section 731.380
731.380 Authority of foreign and alien insurers to take, acquire, hold and enforce notes secured by mortgages
Status: in_force

(1) Subject to subsection (2) of this section, any foreign or alien insurer, without being authorized to transact business in this state, may take, acquire, hold and enforce notes secured by real estate mortgages or trust deeds and make commitments to purchase such notes. A foreign or alien insurer may foreclose the mortgages and trust deeds in the courts of this state, acquire the mortgaged property, hold, own and operate the property for a period not exceeding five years and dispose of the property. The activities authorized under this subsection by such a foreign or alien insurer shall not constitute transacting business in this state for the purposes of ORS chapter 60.

(2) Before a foreign or alien insurer engages in any of the activities described in subsection (1) of this section, the foreign or alien insurer shall first file with the Department of Consumer and Business Services a statement signed by its president, secretary, treasurer or general manager that it constitutes the Director of the Department of Consumer and Business Services its attorney for service of process, and shall pay an initial filing fee of $200 and an annual license fee of $200. The statement shall include the address of the principal place of business of the foreign or alien insurer.

(3) The director, upon receiving service of process as authorized by subsection (2) of this section, immediately shall forward by registered mail or by certified mail with return receipt all documents served upon the director to the principal place of business of the foreign or alien insurer.

(4) A foreign or alien insurer that indirectly engages in the activities described in subsection (1) of this section because of its beneficial interest in a pool of notes secured by real estate mortgages or trust deeds need not comply with subsection (2) of this section. [1987 c.94 §118; 1991 c.249 §70]

Source: Section 731.380 — Authority of foreign and alien insurers to take, acquire, hold and enforce notes secured by mortgages; statement; fees , https://www.­oregonlegislature.­gov/bills_laws/ors/ors731.­html (accessed May 26, 2025).
ORS § 732.320 — OR Code / Title 56 / Chapter 732 / Section 732.320
732.320 Supporting documents for expenditures
Status: in_force

No domestic insurer shall make any disbursement of $100 or more unless the sum is evidenced by:

(1) A voucher signed by or on behalf of the person receiving the money or, if a voucher cannot be obtained, by an affidavit stating the reason for not obtaining the voucher;

(2) A bill, invoice, statement or similar document commonly in business use submitted on account of goods supplied or services rendered or both;

(3) An authorization of the board of directors, or a committee thereof or officer duly delegated by the board with authority to so authorize, in regard to compensation of officers, employees and agents; or

(4) Satisfactory proof of claim, accepted and approved in the manner prescribed by the insurer, based upon provisions of a policy issued by the insurer. [Formerly 738.420]

Source: Section 732.320 — Supporting documents for expenditures , https://www.­oregonlegislature.­gov/bills_laws/ors/ors732.­html (accessed May 26, 2025).
ORS § 746.470 — OR Code / Title 56 / Chapter 746 / Section 746.470
746.470 Prohibition against interfering with premium financing recommendation
Status: in_force

No insurer shall interfere in any way with the right of any person soliciting or procuring an application for its insurance policies to recommend to an insured any premium finance company. [1983 c.239 §5]

Source: Section 746.470 — Prohibition against interfering with premium financing recommendation , https://www.­oregonlegislature.­gov/bills_laws/ors/ors746.­html (accessed May 26, 2025).
ORS § 743b.127 — OR Code / Title 56 / Chapter 743b / Section 743b.127
743B.127 Rules for ORS 743.022, 743B.125 and 743B.126
Status: in_force

The Director of the Department of Consumer and Business Services shall adopt all rules necessary for the implementation and administration of ORS 743.022 (Premium rates for individual health benefit plans) , 743B.125 (Individual health benefit plans) and 743B.126 (Carrier marketing of individual health benefit plans) . [Formerly 743.773]

Source: Section 743B.127 — Rules for ORS 743.022, 743B.125 and 743B.126 , https://www.­oregonlegislature.­gov/bills_laws/ors/ors743B.­html (accessed May 26, 2025).
ORS § 742.548 — OR Code / Title 56 / Chapter 742 / Section 742.548
742.548 Required language in disclosure
Status: in_force

If a representative of a motor vehicle liability insurer obtains a release for a claim of bodily injuries in person from a person who is eligible to receive personal injury protection benefits under ORS 742.518 (Definitions for ORS 742.518 to 742.542) to 742.542 (Effect of personal injury protection benefits paid) :

(1) The representative of the insurer must provide the eligible person with a clear and conspicuous notice substantially similar to the following, which shall be incorporated into the insurer’s release or provided in a separate document:

THE DOCUMENT YOU ARE BEING ASKED TO SIGN IS A BINDING CONTRACT THAT CONCLUDES YOUR CLAIM(S) AGAINST THE PARTIES IT IDENTIFIES. AFTER YOU SIGN IT YOU WILL NOT BE ABLE TO MAKE ANY FURTHER CLAIM(S) AGAINST THESE PARTIES.

(2) The eligible person may rescind the release if the person provides the insurer written notice of rescission no later than five business days after the execution of the release and then promptly performs all other requisite acts for rescission of a contract. For the purposes of this subsection, notice of rescission is provided to an insurer on the date and time shown on a properly addressed proof of mailing or electronic transmission. [2009 c.545 §3]

Note: See note under 742.546 (Required disclosure in release for bodily injuries related to personal injury protection benefits) .

Source: Section 742.548 — Required language in disclosure; conditions for rescission of release , https://www.­oregonlegislature.­gov/bills_laws/ors/ors742.­html (accessed May 26, 2025).
ORS § 742.001 — OR Code / Title 56 / Chapter 742 / Section 742.001
742.001 Scope of ORS chapters 742, 743, 743A and 743B
Status: in_force

Except as specifically provided in ORS 750.055 (Other provisions applicable to health care service contractors) and 750.333 (Applicable provisions of Insurance Code) , this chapter and ORS chapters 743, 743A and 743B apply to all insurance policies delivered or issued for delivery in this state except:

(1) Reinsurance.

(2) Wet marine and transportation insurance policies.

(3) Surplus lines insurance policies. [Formerly 743.003; 2005 c.185 §14; 2017 c.206 §2]

Source: Section 742.001 — Scope of ORS chapters 742, 743, 743A and 743B , https://www.­oregonlegislature.­gov/bills_laws/ors/ors742.­html (accessed May 26, 2025).
ORS § 743b.280 — OR Code / Title 56 / Chapter 743b / Section 743b.280
743B.280 Definitions for ORS 743B.280 to 743B.285
Status: in_force

As used in ORS 743B.280 (Definitions for ORS 743B.280 to 743B.285) to 743B.285 (Rules) :

(1) “In-network” means performed by a provider or provider group that has directly contracted with the insurer.

(2) “Out-of-network” means performed by a provider or provider group that has not contracted or has indirectly contracted with the insurer. [Formerly 743.871]

Note: 743B.280 (Definitions for ORS 743B.280 to 743B.285) to 743B.285 (Rules) were enacted into law by the Legislative Assembly but were not added to or made a part of ORS chapter 743B or any series therein by legislative action. See Preface to Oregon Revised Statutes for further explanation.

Source: Section 743B.280 — Definitions for ORS 743B.280 to 743B.285 , https://www.­oregonlegislature.­gov/bills_laws/ors/ors743B.­html (accessed May 26, 2025).
ORS § 731.644 — OR Code / Title 56 / Chapter 731 / Section 731.644
731.644 Payment of losses out of deposits, generally
Status: in_force

(1) Except as otherwise provided in the Insurance Code, no judgment creditor or other claimant of an insurer shall have the right to levy upon any of the assets or securities of the insurer held on deposit in this state.

(2) As to deposits made in this state pursuant to ORS 731.854 (Retaliatory tax) , levy thereupon shall be permitted only if expressly so provided in the order of the Director of the Department of Consumer and Business Services under which the deposit is required. [1967 c.359 §122]

Source: Section 731.644 — Payment of losses out of deposits, generally , https://www.­oregonlegislature.­gov/bills_laws/ors/ors731.­html (accessed May 26, 2025).
ORS § 731.820 — OR Code / Title 56 / Chapter 731 / Section 731.820
731.820 Gross premium tax on fire insurance premiums
Status: in_force

(1) Intentionally left blank —Ed.

(a) For the purpose of maintaining the Department of the State Fire Marshal and paying the expenses incident thereto, every insurer transacting insurance covering the peril of fire shall pay a tax to the Director of the Department of Consumer and Business Services, on or before April 1 of each year, equal to 1.15 percent of the gross amount of premiums received by it or its insurance producers from such business, from and under its policies covering direct domestic risks in the preceding calendar year after deducting the amount of return premiums paid and the amount of dividend payments made to policyholders or, in the case of a reciprocal insurer, the amount of savings paid or credited to the accounts of subscribers, with respect to such policies.

(b) For the purpose of paragraph (a) of this subsection the following portions of the amounts required to be reported by line of business in the annual financial statement required by ORS 731.574 (Annual financial statement) shall be considered premiums for insurance covering the peril of fire:

(A) Fire, 100 percent.

(B) Homeowners and farm owners multiple peril, 65 percent.

(C) Commercial multiple peril, 50 percent.

(D) Inland marine, 20 percent.

(E) Automobile physical damage, eight percent.

(F) Aircraft physical damage, eight percent.

(2) If an insurer ceases to do business or collect premiums on direct domestic risks, it thereupon shall make a report to the director of its premiums subject to taxation as provided in subsection (1) of this section and collected or due as of the date when it ceased to do business or collect premiums on direct domestic risks, and not theretofore reported, and shall forthwith pay to the director the tax thereon.

(3) If the director, during the period in which the director under ORS 731.836 (Limitation on enforcement of insurer’s tax obligations) may collect taxes owing under this section, finds the amount of such taxes paid by an insurer to have been incorrect, the director shall charge or credit the insurer with the difference between the correct amount of tax and the amount actually paid. [1967 c.359 §135; 1967 c.453 §4; 1971 c.231 §15; 1975 c.275 §1; 1983 c.130 §1; 1989 c.700 §6; 2003 c.364 §77; 2013 c.191 §1; 2021 c.539 §144]

Source: Section 731.820 — Gross premium tax on fire insurance premiums , https://www.­oregonlegislature.­gov/bills_laws/ors/ors731.­html (accessed May 26, 2025).
ORS § 743.004 — OR Code / Title 56 / Chapter 743 / Section 743.004
743.004 Submission of information by carriers offering health benefit plans
Status: in_force

(1) Each carrier offering a health benefit plan shall submit to the Director of the Department of Consumer and Business Services on or before April 1 of each year a report that contains:

(a) The following information for the preceding year that is derived from the exhibit of premiums, enrollment and utilization included in the carrier’s annual report:

(A) The total number of members;

(B) The total amount of premiums;

(C) The total amount of costs for claims;

(D) The medical loss ratio;

(E) The average amount of premiums per member per month; and

(F) The percentage change in the average premium per member per month, measured from the previous year.

(b) The following aggregate financial information for the preceding year that is derived from the carrier’s annual report:

(A) The total amount of general administrative expenses, including identification of the five largest nonmedical administrative expenses;

(B) The total amount of the surplus maintained;

(C) The total amount of the reserves maintained for unpaid claims;

(D) The total net underwriting gain or loss; and

(E) The carrier’s net income after taxes.

(2) A carrier shall electronically submit the information described in subsection (1) of this section in a format and according to instructions prescribed by the Department of Consumer and Business Services by rule.

(3) The department shall evaluate the reporting requirements under subsection (1)(a) of this section by the following market segments:

(a) Individual health benefit plans;

(b) Health benefit plans for small employers;

(c) Health benefit plans for employers described in ORS 743B.010 (Issuance of group health benefit plan to affiliated group of employers) ; and

(d) Health benefit plans for employers that are not small employers.

(4) The department shall make the information reported under this section available to the public through a searchable public website on the Internet. [Formerly 743.748]

Note: Definitions for 743.004 (Submission of information by carriers offering health benefit plans) may be found in 743B.005 (Definitions) .

Source: Section 743.004 — Submission of information by carriers offering health benefit plans , https://www.­oregonlegislature.­gov/bills_laws/ors/ors743.­html (accessed May 26, 2025).
ORS § 746.620 — OR Code / Title 56 / Chapter 746 / Section 746.620
746.620 Notice of insurance information practices
Status: in_force

(1) A licensee must provide a clear and conspicuous notice of personal information practices to individuals in connection with insurance transactions under the following circumstances and at the following times:

(a) Except as provided in this paragraph, to a consumer who becomes a customer of the licensee, not later than the date that the licensee establishes a continuing relationship under which the licensee provides one or more insurance products or services to the consumer that are to be used primarily for personal, family or household purposes. A licensee may provide the notice within a reasonable time after the date the licensee establishes a customer relationship if:

(A) Establishing the customer relationship is not at the customer’s election; or

(B) Providing notice not later than the date that the licensee establishes a customer relationship would substantially delay the customer’s transaction and the customer agrees to receive the notice at a later time.

(b) To a consumer other than as described in paragraph (a) of this subsection, before the licensee discloses any personal information about the consumer pursuant to the requirements of ORS 746.665 (Limitations and conditions on disclosure of certain information) , unless the disclosure meets one or more of the conditions specified in ORS 746.665 (Limitations and conditions on disclosure of certain information) .

(2) Intentionally left blank —Ed.

(a) Except as provided in paragraph (b) of this subsection, a licensee shall provide a clear and conspicuous notice to a customer that accurately reflects the licensee’s privacy policies and practices not less than annually during the continuation of the relationship described in subsection (1)(a) of this section. For the purpose of this subsection, a notice is given annually if the notice is given at least once in any period of 12 consecutive months during which the relationship exists. A licensee may define the period of 12 consecutive months, but the licensee must apply the period to the customer on a consistent basis.

(b) A licensee need not provide the notice described in paragraph (a) of this subsection each year if the licensee provides personal information to an unaffiliated third party only in accordance with ORS 746.665 (Limitations and conditions on disclosure of certain information) and does not change the policies and practices related to disclosing personal information about which the licensee last notified customers in accordance with this section. If the licensee changes the licensee’s privacy policies and practices, the licensee shall notify customers in accordance with this section.

(3) The privacy notice required by subsections (1) and (2) of this section must be in writing and must be clear and conspicuous. The notice may be provided in electronic form if the recipient agrees. In addition to any other personal information the licensee wishes to provide, the notice must include the following items of personal information that apply to the licensee and to the individuals to whom the licensee sends the notice:

(a) The categories of personal information that the licensee collects.

(b) The categories of personal information that the licensee discloses.

(c) The categories of affiliates and nonaffiliated third parties to whom the licensee discloses personal information other than persons to whom the licensee discloses information under ORS 746.665 (Limitations and conditions on disclosure of certain information) .

(d) The categories of personal information about former customers of the licensee that the licensee discloses and the categories of affiliates and nonaffiliated third parties to whom the licensee discloses personal information about the licensee’s former customers, other than persons to whom the licensee discloses personal information under ORS 746.665 (Limitations and conditions on disclosure of certain information) .

(e) If a licensee discloses personal information to a nonaffiliated third party under ORS 746.665 (Limitations and conditions on disclosure of certain information) , a separate description of the categories of personal information the licensee discloses and the categories of nonaffiliated third parties with whom the licensee has contracted.

(f) An explanation of the individual’s right under ORS 746.630 (Authorization for disclosure of certain information) to authorize disclosure of personal information, including the methods by which the individual may exercise that right.

(g) Any disclosure that the licensee makes under section 603(d)(2)(A)(iii) of the federal Fair Credit Reporting Act (15 U.S.C. 1681a(d)(2)(A)(iii)) regarding the ability to opt out of disclosures of personal information among affiliates.

(h) The policies and practices of the licensee with respect to protecting the confidentiality and security of personal information.

(i) Any disclosure that the licensee makes under subsection (4) of this section.

(j) A description of the rights established under ORS 746.640 (Access to recorded personal information) and 746.645 (Correction, amendment or deletion of recorded personal information) and the manner in which such rights may be exercised.

(4) If a licensee discloses personal information as authorized under ORS 746.665 (Limitations and conditions on disclosure of certain information) , the licensee is not required to list those exceptions in the privacy notices required by this section. When describing the categories of parties to whom disclosure is made, the licensee shall state only that the licensee makes disclosures to other affiliated parties or nonaffiliated third parties, as applicable, as authorized by law.

(5) In lieu of the notice required in subsection (3) of this section, the licensee may provide to a consumer an abbreviated notice, in writing or in electronic form if the consumer agrees, informing the consumer that:

(a) Personal information may be collected from persons other than the consumer proposed for coverage;

(b) Such information as well as other personal or privileged information subsequently collected by the licensee may in certain circumstances be disclosed to third parties without authorization;

(c) A right of access and correction exists with respect to all personal information collected; and

(d) The licensee shall provide the notice prescribed in subsection (3) of this section to the consumer upon request.

(6) The Director of the Department of Consumer and Business Services by rule may apply the categories of consumer and customer as defined in ORS 746.600 (Definitions for ORS 746.600 to 746.690) for the purpose of establishing specific requirements for notice of personal information practices, authorization for disclosure of personal information, conditions for disclosure of personal information under this section and ORS 746.630 (Authorization for disclosure of certain information) and 746.665 (Limitations and conditions on disclosure of certain information) , and exceptions. The director shall consider applicable definitions and terms used in the federal Gramm-Leach-Bliley Act (P.L. 106-102), applicable definitions and requirements used in the model “Privacy of Consumer Financial and Health Information Regulation” adopted by the National Association of Insurance Commissioners and other sources as may be needed so that the terms defined in ORS 746.600 (Definitions for ORS 746.600 to 746.690) and applicable to this section and ORS 746.630 (Authorization for disclosure of certain information) and 746.665 (Limitations and conditions on disclosure of certain information) :

(a) Facilitate compliance with requirements in federal law and the laws of other states that establish protections of nonpublic personal information; and

(b) Establish separate and discrete requirements relating to the privacy notice and the contents and delivery of the privacy notice for customers and consumers, so that the requirements provide reasonable notice and facilitate compliance with requirements in federal law and in the laws of other states.

(7) The director shall determine by rule:

(a) When a privacy notice must be provided to a certificate holder or beneficiary of a group policy and to a third-party claimant.

(b) When the obligation to provide annual notice ceases.

(c) Requirements for revision of the notice by a licensee.

(8) An insurance producer is not subject to the requirements of this section when the insurer on whose behalf the insurance producer acts otherwise complies with the requirements of this section and the insurance producer does not disclose any personal information to any person other than the insurer or its affiliate, or as otherwise authorized by law.

(9) A licensee may provide a joint notice from the licensee and one or more of the licensee’s affiliates or other financial institutions, as identified in the notice, as long as the notice is accurate with respect to the licensee and the other institutions. A licensee may also provide a notice on behalf of a financial institution.

(10) The obligations imposed by this section upon a licensee may be satisfied by another licensee authorized to act on behalf of the first licensee.

(11) For purposes of this section and ORS 746.630 (Authorization for disclosure of certain information) and 746.665 (Limitations and conditions on disclosure of certain information) , an individual is not the consumer of a licensee solely because the individual is covered under a group life insurance policy issued by the licensee or is a participant or beneficiary of an employee benefit plan that the licensee administers or sponsors or for which the licensee acts as a trustee, insurer or fiduciary, if:

(a) The licensee provides to the policyholder the initial, annual and revised notices under this section; and

(b) The licensee does not disclose to a nonaffiliated third party personal information about the individual other than as permitted by ORS 746.665 (Limitations and conditions on disclosure of certain information) .

(12) When an individual becomes a consumer of a licensee under subsection (11) of this section, this section and ORS 746.630 (Authorization for disclosure of certain information) and 746.665 (Limitations and conditions on disclosure of certain information) apply to the licensee with respect to the individual. [1981 c.649 §6; 2001 c.377 §26; 2003 c.87 §10; 2003 c.364 §155; 2017 c.365 §1]

Source: Section 746.620 — Notice of insurance information practices; exceptions; rules , https://www.­oregonlegislature.­gov/bills_laws/ors/ors746.­html (accessed May 26, 2025).
ORS § 742.542 — OR Code / Title 56 / Chapter 742 / Section 742.542
742.542 Effect of personal injury protection benefits paid
Status: in_force

Payment by a motor vehicle liability insurer of personal injury protection benefits for its own insured shall be applied in reduction of the amount of damages that the insured may be entitled to recover from the insurer under uninsured or underinsured motorist coverage for the same accident but may not be applied in reduction of the uninsured or underinsured motorist coverage policy limits. [Formerly 743.835; 1997 c.808 §10]

Source: Section 742.542 — Effect of personal injury protection benefits paid , https://www.­oregonlegislature.­gov/bills_laws/ors/ors742.­html (accessed May 26, 2025).
ORS § 743.222 — OR Code / Title 56 / Chapter 743 / Section 743.222
743.222 Policy benefits and premiums that shall be disregarded in calculating cash surrender values and paid-up nonforfeiture benefits
Status: in_force

(1) Notwithstanding ORS 743.210 (Determination of cash surrender values) , in ascertaining minimum cash surrender values and paid-up nonforfeiture benefits required by the Standard Nonforfeiture Law for Life Insurance, benefits and their respective premiums provided for in a life insurance policy shall be disregarded where the benefits are payable:

(a) In the event of death or dismemberment by accident or accidental means;

(b) In the event of total and permanent disability;

(c) As reversionary annuity or deferred reversionary annuity benefits;

(d) As term insurance benefits provided by a rider or supplemental policy provision to which, if issued as a separate policy, the Standard Nonforfeiture Law for Life Insurance would not apply;

(e) As term insurance on the life of a child or on the lives of children provided in a policy on the life of a parent of the child, if such term insurance expires before the child’s age is 26, is uniform in amount after the child’s age is one, and has not become paid up by reason of the death of a parent of the child; or

(f) As other policy benefits additional to life insurance and endowment benefits.

(2) No benefits such as are described in subsection (1) of this section are required to be included in any paid-up nonforfeiture benefits. [Formerly 739.370; 1981 c.609 §20]

Source: Section 743.222 — Policy benefits and premiums that shall be disregarded in calculating cash surrender values and paid-up nonforfeiture benefits , https://www.­oregonlegislature.­gov/bills_laws/ors/ors743.­html (accessed May 26, 2025).
ORS § 743.049 — OR Code / Title 56 / Chapter 743 / Section 743.049
743.049 Exemption of proceeds of annuity policies
Status: in_force

(1) The benefits, rights, privileges and options which are due or prospectively due an annuitant under any annuity policy issued before, on or after June 8, 1967, shall not be subject to execution, nor shall the annuitant be compelled to exercise any such rights, powers or options, nor shall creditors be allowed to interfere with or terminate the policy, except:

(a) As to amounts paid for or as premium on any such annuity with intent to defraud creditors, with interest thereon, and of which the creditor has given the insurer written notice at its home office prior to the making of the payments to the annuitant out of which the creditor seeks to recover. Any such notice shall specify the amount claimed or such facts as will enable the insurer to ascertain such amount, and shall set forth such facts as will enable the insurer to ascertain the annuity policy, the annuitant and the payments sought to be avoided on the ground of fraud.

(b) The total exemption of benefits presently due and payable to any annuitant periodically or at stated times under all annuity policies under which the person is an annuitant shall not at any time exceed $500 per month for the length of time represented by such installments. Such periodic payments in excess of $500 per month shall be subject to garnishee execution to the same extent as are wages and salaries.

(c) If the total benefits presently due and payable to any annuitant under all annuity policies under which the person is an annuitant shall at any time exceed payment at the rate of $500 per month, the court may order such annuitant to pay to a judgment creditor or apply on the judgment, in installments, the portion of such excess benefits as to the court may appear just and proper, after due regard for the reasonable requirements of the judgment debtor and family, if dependent upon the judgment debtor, as well as any payments required to be made by the annuitant to other creditors under prior court orders.

(2) If the policy so provides, the benefits, rights, privileges or options accruing under the policy to a beneficiary or assignee shall not be transferable nor subject to commutation, and if the benefits are payable periodically or at stated times, the same exemptions and exceptions contained in this section for the annuitant shall apply with respect to such beneficiary or assignee. [Formerly 743.105; 1991 c.182 §3]

Source: Section 743.049 — Exemption of proceeds of annuity policies; assignability of rights , https://www.­oregonlegislature.­gov/bills_laws/ors/ors743.­html (accessed May 26, 2025).
ORS § 731.840 — OR Code / Title 56 / Chapter 731 / Section 731.840
731.840 Retaliatory or corporate excise tax in lieu of certain taxes and assessments
Status: in_force

(1) The retaliatory tax imposed upon a foreign or alien insurer under ORS 731.854 (Retaliatory tax) and 731.859 (Applicability of retaliatory provisions) , or the corporate excise tax imposed upon a foreign or alien insurer under ORS chapter 317, is in lieu of all other state taxes upon premiums, taxes upon income, franchise or other taxes measured by income that might otherwise be imposed upon the foreign or alien insurer except the fire insurance premiums tax imposed under ORS 731.820 (Gross premium tax on fire insurance premiums) , the tax imposed upon wet marine and transportation insurers under ORS 731.824 (Tax on underwriting profits of wet marine and transportation insurers) and 731.828 (Computation of wet marine and transportation insurance tax) and the assessment imposed under section 5, chapter 538, Oregon Laws 2017. However, all real and personal property, if any, of the insurer shall be listed, assessed and taxed the same as real and personal property of like character of noninsurers. Nothing in this subsection shall be construed to preclude the imposition of the assessments imposed under ORS 656.612 (Assessments for department activities) upon a foreign or alien insurer.

(2) Subsection (1) of this section applies to a reciprocal insurer and its attorney in its capacity as such.

(3) Subsection (1) of this section applies to foreign or alien title insurers and to foreign or alien wet marine and transportation insurers issuing policies and subject to taxes referred to in ORS 731.824 (Tax on underwriting profits of wet marine and transportation insurers) and 731.828 (Computation of wet marine and transportation insurance tax) .

(4) The State of Oregon hereby preempts the field of regulating or of imposing excise, privilege, franchise, income, license, permit, registration, and similar taxes, licenses and fees upon insurers and their insurance producers and other representatives as such, and:

(a) No county, city, district, or other political subdivision or agency in this state shall so regulate, or shall levy upon insurers, or upon their insurance producers and representatives as such, any such tax, license or fee; except that whenever a county, city, district or other political subdivision levies or imposes generally on a nondiscriminatory basis throughout the jurisdiction of the taxing authority a payroll, excise or income tax, as otherwise provided by law, such tax may be levied or imposed upon domestic insurers; and

(b) No county, city, district, political subdivision or agency in this state shall require of any insurer, insurance producer or representative, duly authorized or licensed as such under the Insurance Code, any additional authorization, license, or permit of any kind for conducting therein transactions otherwise lawful under the authority or license granted under this code. [1967 c.359 §140; 1969 c.600 §12; 1973 c.515 §1; 1973 c.583 §2; 1995 c.786 §6; 2003 c.364 §78; 2009 c.867 §25; 2015 c.70 §22; 2017 c.538 §14]

Source: Section 731.840 — Retaliatory or corporate excise tax in lieu of certain taxes and assessments; certain local taxes prohibited , https://www.­oregonlegislature.­gov/bills_laws/ors/ors731.­html (accessed May 26, 2025).
ORS § 743b.255 — OR Code / Title 56 / Chapter 743b / Section 743b.255
743B.255 Enrollee application for external review
Status: in_force

(1) An enrollee shall apply in writing for external review of an adverse benefit determination by the insurer of a health benefit plan not later than the 180th day after receipt of the insurer’s final written decision following its grievance and internal appeal process under ORS 743B.250 (Required notices to applicants and enrollees) .

(2) An enrollee is eligible for external review only if the enrollee has exhausted the plan’s internal appeal procedures established pursuant to ORS 743B.250 (Required notices to applicants and enrollees) or be deemed to have exhausted the plan’s internal appeal procedures. The insurer may waive the requirement of compliance with the internal appeal procedures and have a dispute referred directly to external review upon the enrollee’s consent. An enrollee is deemed to have exhausted the internal appeal procedures if the insurer fails to strictly comply with ORS 743B.250 (Required notices to applicants and enrollees) and federal requirements for internal appeals.

(3) An enrollee who applies for external review of an adverse benefit determination shall provide complete and accurate information to the independent review organization as provided in ORS 743B.252 (External review) . [Formerly 743.861; 2021 c.205 §10]

Source: Section 743B.255 — Enrollee application for external review; when enrollee deemed to have exhausted internal appeal , https://www.­oregonlegislature.­gov/bills_laws/ors/ors743B.­html (accessed May 26, 2025).
ORS § 744.063 — OR Code / Title 56 / Chapter 744 / Section 744.063
744.063 Nonresident insurance producer license
Status: in_force

(1) Unless the Director of the Department of Consumer and Business Services refuses to issue or renew a license pursuant to ORS 744.074 (Authority of director to place licensee on probation or to suspend, revoke or refuse to issue or renew license) , a nonresident person shall receive a nonresident insurance producer license if:

(a) The person is currently licensed as a resident insurance producer and is in good standing in the person’s home state;

(b) The person has submitted the proper request for a nonresident insurance producer license and has paid the applicable fees;

(c) The person has submitted or transmitted to the director the resident insurance producer license application that the person submitted to the person’s home state, or in lieu of that application, a completed Uniform Application; and

(d) The person’s home state grants nonresident insurance producer licenses to residents of this state on the same basis.

(2) The director may verify the insurance producer’s licensing status through the Producer Database maintained by the National Association of Insurance Commissioners, its affiliates or subsidiaries.

(3) A nonresident insurance producer licensed in this state who moves from one state to another state or a resident insurance producer who moves from this state to another state shall file with the director a change of address and provide certification from the new resident state not later than the 30th day after the change of legal residence. No fee or license application is required under this subsection.

(4) A person licensed as a surplus lines insurance producer in the person’s home state shall receive a nonresident surplus lines insurance producer license pursuant to subsection (1) of this section. Except as provided in subsection (1) of this section, nothing in this section supersedes any provision of ORS 735.400 (Purposes of ORS 735.400 to 735.495) to 735.495 (Short title) .

(5) Notwithstanding any other provision of ORS 744.052 (Definitions for ORS 744.052 to 744.089) to 744.089 (Report of administrative action taken against insurance producer) , the director shall issue a nonresident limited class insurance producer license pursuant to subsection (1) of this section to a person who is licensed as a limited class credit insurance producer or as another type of limited class insurance producer under the laws of the person’s home state that restrict the authority of the license to less than the authority prescribed in ORS 744.062 (Issuance of insurance producer license) for the classes of life insurance, health insurance, property insurance or casualty insurance.

(6) A license for the class of title insurance may not be issued to a nonresident insurance producer.

(7) The director is the attorney in fact of a person to whom a license is issued under this section, and upon whom all legal process in any action or proceeding against the person may be served. Any legal process against the person that is served upon the director has the same legal force and validity as if served upon the person. The authority of the director under this subsection continues as long as any liability remains outstanding in this state. The director becomes the attorney in fact of the person on the date that the director issues the nonresident insurance producer license to the person. [2001 c.191 §7; 2003 c.364 §9]

Source: Section 744.063 — Nonresident insurance producer license; fee , https://www.­oregonlegislature.­gov/bills_laws/ors/ors744.­html (accessed May 26, 2025).
ORS § 742.270 — OR Code / Title 56 / Chapter 742 / Section 742.270
742.270 Repair, rebuilding or replacement of property under homeowner insurance policy
Status: in_force

(1) As used in this section:

(a) “Homeowner insurance” has the meaning given that term in ORS 746.600 (Definitions for ORS 746.600 to 746.690) .

(b) “Property” means structures and dwellings, and the contents of structures and dwellings, that are covered by a policy of homeowner insurance.

(2) If a policy of homeowner insurance requires an insured to repair, rebuild or replace damaged or lost property in order to collect the full replacement cost for the property, the insurer shall, subject to the policy limits:

(a) Allow an insured to repair, rebuild or replace damaged or lost property:

(A) In not fewer than 12 months after the date of the insurer’s initial payment toward the cash value of the property that was damaged or lost; or

(B) In not fewer than 24 months after the date of the insurer’s initial payment toward the cash value of the primary dwelling of the insured that was damaged or lost, if the damage or loss:

(i) Occurred in a location that was subject to a declaration of a state of emergency under ORS 401.165 (Declaration of state of emergency) and the damage or loss is directly related to the emergency that was the subject of the declaration; or

(ii) Was directly related to a fire that was the subject of an order under ORS 476.510 (Short title) to 476.610 (Payment of claims) .

(b) Provide additional living expenses to an insured, subject to the policy limits for additional living expenses, for a period of 24 months after the date of the damage or loss to the insured’s primary dwelling if the damage or loss occurred in a location that was subject to a declaration of a state of emergency under ORS 401.165 (Declaration of state of emergency) and the damage or loss is directly related to the emergency that was the subject of the declaration.

(c) Add time to each of the periods described in paragraphs (a) and (b) of this subsection in increments of six months for a total period of not more than 24 months under paragraph (a)(A) of this subsection and a total period of not more than 36 months under paragraphs (a)(B) and (b) of this subsection if an insured, acting in good faith and with reasonable diligence, encounters unavoidable delays in obtaining a construction permit, lacks necessary construction materials, lacks available contractors to perform necessary work or encounters other circumstances beyond the insured’s control.

(3) Subsection (2) of this section does not prohibit an insurer from allowing an insured additional time to collect the full replacement cost for lost or damaged property or for additional living expenses.

(4) A policy of homeowner insurance may not limit or deny a payment of the replacement cost or building code upgrade cost, including a payment of any extended replacement cost available under the policy coverage, for an insured’s structure that was a total loss on the basis that the insured decided to rebuild in a new location or to purchase an existing structure in a new location if the policy otherwise covers the replacement cost or building code upgrade cost, except that the measure of indemnity may not exceed the replacement cost, building code upgrade cost or extended replacement cost for repairing, rebuilding or replacing the structure at the original location of the loss. [2021 c.262 §2; 2023 c.67 §3]

Source: Section 742.270 — Repair, rebuilding or replacement of property under homeowner insurance policy; requirements for insurer; prohibited policy provisions , https://www.­oregonlegislature.­gov/bills_laws/ors/ors742.­html (accessed May 26, 2025).
ORS § 732.527 — OR Code / Title 56 / Chapter 732 / Section 732.527
732.527 Approval of acquisition by chief insurance regulatory officials of two or more jurisdictions
Status: in_force

(1) If the chief insurance regulatory officials of two or more jurisdictions must approve a proposal to acquire control of an insurer, a person that files a statement with the Director of the Department of Consumer and Business Services under ORS 732.523 (Procedure for acquiring controlling interest of capital stock) may request a hearing on the acquisition in a single proceeding before all of the chief insurance regulatory officials who must approve the acquisition. The person that files the statement under ORS 732.523 (Procedure for acquiring controlling interest of capital stock) shall file a copy of the statement with the National Association of Insurance Commissioners within five days after filing the statement with the director.

(2) A chief insurance regulatory official of another state may decline to attend the hearing on the acquisition. If the regulatory official declines to attend, the official shall notify the person that filed the statement under ORS 732.523 (Procedure for acquiring controlling interest of capital stock) within 10 days after the date on which the official receives a copy of the statement.

(3) The proceeding described in subsection (1) of this section must be:

(a) Conducted as a public hearing before the chief insurance regulatory officials of the states in which the acquiring party and the insurer subject to the acquisition are domiciled; and

(b) Held in one of the states in which the acquiring party and the insurer subject to the acquisition are domiciled.

(4) A chief insurance regulatory official may attend the proceeding described in subsection (1) of this section in person or by telecommunication. [2013 c.370 §4]

Source: Section 732.527 — Approval of acquisition by chief insurance regulatory officials of two or more jurisdictions; hearing , https://www.­oregonlegislature.­gov/bills_laws/ors/ors732.­html (accessed May 26, 2025).
ORS § 735.415 — OR Code / Title 56 / Chapter 735 / Section 735.415
735.415 Qualifications for placement of coverage with nonadmitted insurer
Status: in_force

(1) A surplus lines licensee may not place any coverage with a nonadmitted insurer unless at the time of placement the nonadmitted insurer has done all of the following:

(a) Obtained authorization to write the kind of insurance to be placed by the surplus lines licensee by the insurance supervisory official in the insurer’s domiciliary jurisdiction.

(b) Qualified under one of the following subparagraphs:

(A) Has capital and surplus or its equivalent under the laws of its domiciliary jurisdiction that equals the greater of either the minimum capital and surplus requirements of its domiciliary jurisdiction or $15 million, except that the requirements of this subparagraph may be satisfied by an insurer possessing less than the minimum capital and surplus upon an affirmative finding of acceptability by the Director of the Department of Consumer and Business Services. The finding shall be based upon such factors as quality of management, capital and surplus of any parent company, company underwriting profit and investment income trends, market availability and company record and reputation within the industry. In no event shall the director make an affirmative finding of acceptability when the nonadmitted insurer’s capital and surplus is less than $4.5 million.

(B) In the case of an alien insurer, in addition to the requirements in subparagraph (A) of this paragraph, maintains in the United States an irrevocable trust fund in either a national bank or a member of the Federal Reserve System, in an amount not less than $5.4 million for the protection of all its policyholders in the United States and such trust fund consists of cash, securities, irrevocable letters of credit, or of investments of substantially the same character and quality as those which are eligible investments for the capital and statutory reserves of admitted insurers authorized to write like kinds of insurance in this state. Such trust fund, which shall be included in any calculation of capital and surplus or its equivalent, shall have an expiration date which at no time shall be less than five years.

(C) In the case of a group of insurers that includes incorporated and individual unincorporated underwriters that are not listed in accordance with subparagraph (E) of this paragraph, maintains a trust fund of not less than $100 million as security to the full amount thereof for all policyholders and creditors in the United States of each member of the group, and such trust shall likewise comply with the terms and conditions established in subparagraph (B) of this paragraph for alien insurers, except that the incorporated members of the group may not be engaged in any business other than underwriting as a member of the group and shall be subject to the same level of solvency regulation and control by the group’s domiciliary regulators as are the unincorporated members.

(D) In the case of an insurance exchange created by the laws of individual states, maintains capital and surplus, or the substantial equivalent thereof, of not less than $75 million in the aggregate. For insurance exchanges that maintain funds for the protection of all insurance exchange policyholders, each individual syndicate shall maintain minimum capital and surplus, or the substantial equivalent thereof, of not less than $5 million. In the event the insurance exchange does not maintain funds for the protection of all insurance exchange policyholders, each individual syndicate shall meet the minimum capital and surplus requirements of subparagraph (A) of this paragraph.

(E) Is listed on the NAIC Quarterly Listing of Alien Insurers maintained by the National Association of Insurance Commissioners and meets additional requirements regarding the use of the list established by rule of the director.

(c) Unless qualified under paragraph (b)(E) of this subsection, provided to the director no more than six months after the close of the period reported upon a certified copy of its current annual statement that is:

(A) Filed with and approved by the regulatory authority in the domicile of the nonadmitted insurer;

(B) Certified by an accounting or auditing firm licensed in the jurisdiction of the insurer’s domicile; or

(C) In the case of an insurance exchange, an aggregate combined statement of all underwriting syndicates operating during the period reported.

(2) When a nonresident surplus lines licensee places surplus lines insurance outside this state that covers an Oregon home state risk, the licensee or insurance producer is subject to the requirements of subsection (1) of this section. [1987 c.774 §120; 1995 c.99 §2; 2001 c.191 §44c; 2005 c.185 §11; 2011 c.660 §10]

Source: Section 735.415 — Qualifications for placement of coverage with nonadmitted insurer , https://www.­oregonlegislature.­gov/bills_laws/ors/ors735.­html (accessed May 26, 2025).
ORS § 744.061 — OR Code / Title 56 / Chapter 744 / Section 744.061
744.061 Banking institution as insurance producer
Status: in_force

(1) The Insurance Code does not limit or prohibit the licensing of a banking institution, as defined in ORS 706.008 (Additional definitions for Bank Act) , as an insurance producer to transact one or more of the classes of insurance described in ORS 744.062 (Issuance of insurance producer license) , except for title insurance.

(2) The Insurance Code does not limit or prohibit the licensing, as an insurance producer to transact one or more of the classes of insurance described in ORS 744.062 (Issuance of insurance producer license) , of any of the following:

(a) A corporation owned in whole or in part by a banking institution under ORS 708A.120 (Investment in stock of other entity) , 716.588 (Investments in certain corporate capital stocks) or 716.594 (Authority of Oregon savings bank to acquire corporation licensed as insurance producer) .

(b) A corporation owned in whole or in part by a financial holding company or a bank holding company, as defined in ORS 706.008 (Additional definitions for Bank Act) . [1989 c.701 §24; 1997 c.631 §548; 2001 c.191 §24; 2001 c.377 §51; 2003 c.364 §7; 2005 c.194 §5]

Source: Section 744.061 — Banking institution as insurance producer , https://www.­oregonlegislature.­gov/bills_laws/ors/ors744.­html (accessed May 26, 2025).
ORS § 743b.406 — OR Code / Title 56 / Chapter 743b / Section 743b.406
743B.406 Vision care providers
Status: in_force

(1) As used in this section:

(a) “Contractual discount” means a percentage reduction, required under a contract with an insurer, in a vision care provider’s usual and customary rate for vision care services and materials.

(b) “Discount card” means a card or other purchasing mechanism or device that is not insurance or a discount medical plan, as defined in ORS 735.631 (Definitions for ORS 735.631 to 735.643) , that purports to offer discounts or access to discounts in health-related purchases from health care providers.

(c) “Materials” includes, but is not limited to:

(A) Lenses;

(B) Devices containing lenses;

(C) Contact lenses;

(D) Prisms;

(E) Lens treatments and contact lens coatings;

(F) Orthopedic or prosthetic devices to correct, relieve or treat defects or abnormal conditions of the human eye or adnexa; and

(G) Vision training.

(d) “Vision care insurance” means a health benefit plan or a policy or certificate of insurance that covers vision care services and materials.

(e) “Vision care provider” includes:

(A) A person licensed to practice optometry under ORS chapter 683; and

(B) A physician licensed under ORS 677.100 (Qualifications of applicant for license) to 677.228 (Automatic lapse of license for failure to pay registration fee or report change of location) to practice medicine who has completed a residency program in ophthalmology.

(f) “Vision care services” means services provided by a vision care provider within the scope of the provider’s license to practice optometry or ophthalmology.

(2) A contract between a vision care provider and an entity that offers vision care insurance or a vision care discount card may not:

(a) Limit or specify the fee that a vision care provider may charge for vision care services or materials that are not reimbursed, in whole or in part, by the vision care insurance or discount card.

(b) Require a vision care provider to participate in one vision care insurance plan or discount card program as a condition for participating in another insurance plan.

(c) Change the terms, the contractual discount or the reimbursement rates, under vision care insurance or a vision care discount card, without a signed acknowledgment that the vision care provider agrees to the changes.

(d) Directly or indirectly restrict or limit a vision care provider’s choice of suppliers of materials.

(3) This section does not prohibit the use of a discount card by a patient of a vision care provider if:

(a) The enrollment of the vision care provider is:

(A) Completely voluntary; and

(B) Not conditioned upon the vision care provider’s participation in any other discount card program with different provider terms and conditions or in another insurance plan; and

(b) The discount card program does not reimburse the vision care provider for the cost of the vision care services that were discounted. [2015 c.832 §2; 2017 c.409 §37]

Note: 743B.406 (Vision care providers) was added to and made a part of the Insurance Code by legislative action but was not added to ORS chapter 743B or any series therein. See Preface to Oregon Revised Statutes for further explanation.

Source: Section 743B.406 — Vision care providers , https://www.­oregonlegislature.­gov/bills_laws/ors/ors743B.­html (accessed May 26, 2025).
ORS § 743a.065 — OR Code / Title 56 / Chapter 743a / Section 743a.065
743A.065 Early refills of prescription eye drops for treatment of glaucoma
Status: in_force

An insurer offering a health benefit plan, as defined in ORS 743B.005 (Definitions) , that provides coverage of prescription eye drops shall provide coverage for one early refill of a prescription for eye drops to treat glaucoma if all of the following criteria are met:

(1) The refill is requested by an insured less than 30 days after the later of:

(a) The date the original prescription was dispensed to the insured; or

(b) The date that the last refill of the prescription was dispensed to the insured.

(2) The prescriber indicates on the original prescription that a specific number of refills will be needed.

(3) The refill does not exceed the number of refills that the prescriber indicated under subsection (2) of this section.

(4) The prescription has not been refilled more than once during the 30-day period prior to the request for an early refill. [2011 c.660 §25]

Note: See 743A.001 (Automatic repeal of certain statutes on individual and group health insurance) .

Note: 743A.065 (Early refills of prescription eye drops for treatment of glaucoma) was added to and made a part of the Insurance Code by legislative action but was not added to ORS chapter 743A or any series therein. See Preface to Oregon Revised Statutes for further explanation.

Source: Section 743A.065 — Early refills of prescription eye drops for treatment of glaucoma , https://www.­oregonlegislature.­gov/bills_laws/ors/ors743A.­html (accessed May 26, 2025).
ORS § 731.824 — OR Code / Title 56 / Chapter 731 / Section 731.824
731.824 Tax on underwriting profits of wet marine and transportation insurers
Status: in_force

(1) Wet marine and transportation insurance written by authorized foreign or alien insurers within this state shall be taxed only on that proportion of the total underwriting profit of the authorized insurer from wet marine and transportation insurance written within the United States that the gross premiums of the authorized insurer from wet marine and transportation insurance written within this state bear to the gross premiums of the authorized insurer from wet marine and transportation insurance written within the United States.

(2) The “underwriting profit,” for purposes of this section, is arrived at by deducting from the net earned premiums on wet marine and transportation insurance policies written within the United States during the calendar year:

(a) The losses incurred; and

(b) Expenses incurred, including all taxes, state and federal, in connection with net earned premiums.

(3) The amount of “net earned premiums” on wet marine and transportation insurance policies written during the calendar year is the sum of paragraphs (a) and (b) of this subsection less paragraph (c) of this subsection:

(a) Gross premiums on wet marine and transportation insurance policies written during the calendar year, less any and all return premiums, any and all premiums on policies not taken and any and all premiums paid for reinsurance.

(b) Unearned premiums on outstanding marine business at the end of the preceding calendar year.

(c) Unearned premiums on outstanding marine business at the end of the current calendar year.

(4) “Losses incurred,” as used in this section, means gross losses incurred during the calendar year under policies written within the United States, less reinsurance claims collected or collectible and salvages or recoveries collectible from any source applicable to the losses.

(5) “Expenses incurred” includes:

(a) Specific expenses incurred on earned wet marine and transportation insurance premiums, consisting of all commissions, agency expenses, taxes, licenses, fees, loss-adjustment expenses, and all other expenses incurred directly and specifically in connection with the premiums, less recoveries or reimbursements on account of or in connection with commissions or other expenses collected or collectible because of reinsurance or from any other source.

(b) General expenses incurred on earned premiums, consisting of that proportion of general or overhead expenses, such as salaries of officers and employees, printing and stationery, all taxes of this state and of the United States, except as otherwise provided in this section, and all other expenses not chargeable specifically to a particular class of insurance, that the net premiums of insurance written bear to the total net premiums written by an authorized insurer from all classes of insurance written by the authorized insurer during the current calendar year. However, in arriving at the “underwriting profit” for purposes of taxation under this section there may not be deducted in respect to expenses incurred, as defined and specified in this subsection, amounts that, in the aggregate, exceed 40 percent of the gross premiums on the insurance policies. [Formerly 745.145; 2019 c. 493 §1]

Source: Section 731.824 — Tax on underwriting profits of wet marine and transportation insurers , https://www.­oregonlegislature.­gov/bills_laws/ors/ors731.­html (accessed May 26, 2025).
ORS § 733.100 — OR Code / Title 56 / Chapter 733 / Section 733.100
733.100 Contingency reserve liability for mortgage insurance
Status: in_force

A mortgage insurer shall establish a contingency reserve liability for the protection of policyholders against the effect of adverse economic cycles according to accounting procedures approved or required by the Director of the Department of Consumer and Business Services. [1967 c.359 §217; 1969 c.692 §7; 2001 c.318 §10]

Source: Section 733.100 — Contingency reserve liability for mortgage insurance , https://www.­oregonlegislature.­gov/bills_laws/ors/ors733.­html (accessed May 26, 2025).
ORS § 732.586 — OR Code / Title 56 / Chapter 732 / Section 732.586
732.586 Confidentiality of information
Status: in_force

(1) All information, documents and copies of information or documents obtained by or disclosed to the Director of the Department of Consumer and Business Services or any other person in the course of an examination or investigation under ORS 732.584 (Examinations) are subject to the provisions of ORS 731.312 (Report of examination) .

(2) All information reported in accordance with ORS 732.552 (Registration statement) , 732.554 (Changes in registration information) , 732.574 (Standards for transactions within holding company) and 732.576 (Dividends and distributions) is confidential and may not be made public except as provided in this subsection. The director may disclose reported information only as provided in ORS 705.137 (Information that is confidential or not subject to disclosure) or only if:

(a) The director obtains the prior written consent of the insurer to which the reported information pertains; or

(b) The director, after giving the insurer and the insurer’s affiliates that would be affected by the disclosure notice and opportunity to be heard, determines that disclosing the information will serve the interest of policyholders, shareholders or the public. If the director determines that disclosing the information will serve one or more of such interests, the director may publish all or any part of the information in any manner that the director determines is appropriate.

(3) The director’s sharing of information under ORS 732.517 (Purpose of ORS 732.517 to 732.546) to 732.596 (Request by insurance holding company system for determination or acknowledgement of group-wide supervisor) does not delegate regulatory or rulemaking authority. The director is solely responsible for administering, executing and enforcing ORS 732.517 (Purpose of ORS 732.517 to 732.546) to 732.596 (Request by insurance holding company system for determination or acknowledgement of group-wide supervisor) . [1993 c.447 §52; 2001 c.377 §11; 2013 c.370 §30; 2015 c.547 §21]

Source: Section 732.586 — Confidentiality of information; permitted disclosures , https://www.­oregonlegislature.­gov/bills_laws/ors/ors732.­html (accessed May 26, 2025).
ORS § 750.313 — OR Code / Title 56 / Chapter 750 / Section 750.313
750.313 Issuance or refusal of certificate of multiple employer welfare arrangement
Status: in_force

(1) The Director of the Department of Consumer and Business Services shall issue a certificate of multiple employer welfare arrangement to a multiple employer welfare arrangement by and through its board of trustees if, upon completion of the application for the certificate and upon investigation and review of all information acquired by the director, the director does all of the following:

(a) Approves the application for the certificate.

(b) Determines that the person applying for the certificate satisfies the requirements in ORS 750.305 (Application for certificate) , 750.307 (Requirements for association or group) and 750.309 (Requirements for trust) for qualifying for and holding a certificate of multiple employer welfare arrangement and satisfies all other applicable requirements in the Insurance Code.

(2) The director shall take all necessary action and shall either issue or refuse to issue a certificate within a reasonable time after the completion of the application for the certificate. [1993 c.615 §8]

Note: See note under 750.301 (Definitions for ORS 750.301 to 750.341) .

Source: Section 750.313 — Issuance or refusal of certificate of multiple employer welfare arrangement , https://www.­oregonlegislature.­gov/bills_laws/ors/ors750.­html (accessed May 26, 2025).
ORS § 732.669 — OR Code / Title 56 / Chapter 732 / Section 732.669
732.669 Documentation and supporting information
Status: in_force

(1) Each insurer that must prepare an own risk and solvency assessment summary report shall prepare the report consistent with the current version of the Own Risk and Solvency Assessment Guidance Manual, subject to the requirements of subsection (2) of this section. The insurer shall maintain documentation and supporting information and make the documentation and supporting information available when the Director of the Department of Consumer and Business Services examines the insurer or at the director’s request.

(2) The director shall review an own risk and solvency assessment summary report, and make any additional requests for information, using procedures currently used in analyzing and examining multistate or global insurers and insurance groups. [2015 c.547 §8]

Note: See note under 732.650 (Definitions) .

Source: Section 732.669 — Documentation and supporting information; director’s review , https://www.­oregonlegislature.­gov/bills_laws/ors/ors732.­html (accessed May 26, 2025).
ORS § 732.571 — OR Code / Title 56 / Chapter 732 / Section 732.571
732.571 Supervisory college for domestic insurer
Status: in_force

(1) Intentionally left blank —Ed.

(a) The Director of the Department of Consumer and Business Services may establish or participate in a temporary or a permanent supervisory college for any domestic insurer that is:

(A) Registered under ORS 732.551 (Registration of insurer members of holding company systems) ; and

(B) Part of an insurance holding company system that has international operations.

(b) The director may establish or participate in a supervisory college in order to:

(A) Ensure that the insurer complies with the Insurance Code;

(B) Assess the insurer’s:

(i) Financial, legal and regulatory position;

(ii) Risk exposure and risk management; or

(iii) Governance processes; or

(C) Examine an individual insurer under ORS 732.584 (Examinations) .

(c) The director may participate in a supervisory college with state, federal, international or other regulatory agencies that supervise the insurer or the insurer’s affiliates.

(2) Intentionally left blank —Ed.

(a) As part of the director’s establishment of or participation in a supervisory college, the director may:

(A) Specify criteria under which other regulatory agencies may become members of and participate in the supervisory college;

(B) Specify the functions of the supervisory college and the roles that other regulatory agencies will undertake in the supervisory college;

(C) Establish a leader among the regulatory agencies that participate in the supervisory college;

(D) Plan meetings and supervisory actions, specify processes for sharing information and otherwise coordinate the activities of the supervisory college;

(E) Draft a crisis management plan;

(F) Determine how long the director will participate in any supervisory college; and

(G) Take other actions that are necessary to participate in or facilitate a supervisory college’s operations.

(b) The director may enter into agreements with other regulatory agencies under ORS 705.137 (Information that is confidential or not subject to disclosure) for any of the purposes identified in paragraph (a) of this subsection.

(3) An insurer that is registered under ORS 732.517 (Purpose of ORS 732.517 to 732.546) to 732.596 (Request by insurance holding company system for determination or acknowledgement of group-wide supervisor) is liable to and shall pay to the director a reasonable amount that is equal to the expenses, including reasonable travel expenses, that the director incurs as a result of the director’s participation in a supervisory college under this section. The director may assess the insurer regularly in order to pay the expenses.

(4) This section does not delegate to a supervisory college the director’s authority within this state to regulate or supervise an insurer or the insurer’s affiliates. [2013 c.370 §11]

Source: Section 732.571 — Supervisory college for domestic insurer; purpose; director’s powers; payment of expenses , https://www.­oregonlegislature.­gov/bills_laws/ors/ors732.­html (accessed May 26, 2025).