Oregon Statutes 731.624 – Special deposits; foreign and alien insurers
Current as of: 2023 | Check for updates
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Every insurer, before transacting insurance in this state, shall make the following deposits with the Department of Consumer and Business Services:
Terms Used In Oregon Statutes 731.624
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
(1) Foreign or alien insurers transacting surety insurance in this state, $250,000.
(2) Foreign or alien insurers transacting title insurance in this state, $100,000.
(3) Foreign or alien insurers transacting home protection insurance in this state, $100,000.
(4) Foreign or alien insurers transacting mortgage guaranty insurance in this state, $500,000. [1967 c.359 § 117; 1981 c.247 § 7; 1987 c.483 § 4; 1999 c.196 § 3]