Oregon Statutes 732.225 – Impairment of required capitalization prohibited; rules
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No domestic insurer shall reduce its combined capital and surplus by partial distribution of its assets, by payment in the form of a dividend to stockholders or otherwise, below:
Terms Used In Oregon Statutes 732.225
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Person: includes individuals, corporations, associations, firms, partnerships, limited liability companies and joint stock companies. See Oregon Statutes 174.100
(1) Its required capitalization; or
(2) A greater amount which the Director of the Department of Consumer and Business Services, by rule or by order after hearing upon the motion of the director or the petition of any interested person, finds necessary to avoid injury or prejudice to the interest of policyholders or creditors. [1967 c.359 § 168]