2015 Oregon Revised Statutes
Volume : 16 - Financial Institutions, Insurance
Chapter 735 - Alternative Insurance
Section 735.166 - Investment requirements for association captive insurer.
(1)(a) An association captive insurer must comply with the investment requirements of ORS 733.510 to 733.780.
(b) Notwithstanding paragraph (a) of this subsection, the Director of the Department of Consumer and Business Services may by rule approve the use of alternative reliable methods of valuation and rating for an association captive insurer.
(2)(a) A pure captive insurer is not subject to any restrictions on allowable investments under ORS 733.510 to 733.780.
(b) The director may prohibit or limit an investment that threatens the solvency or liquidity of a pure captive insurer.
(3) A captive insurer may not make loans to the parent of the captive insurer or an affiliate of the captive insurer.
[2012 c.84 §10]
Note: See note under 735.150.
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