Oregon Statutes 732.582 – Determination of reasonableness and adequacy of capital and surplus
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For purposes of ORS § 732.517 to 732.596, in order to determine whether the combined capital and surplus is reasonable in relation to the outstanding liabilities of the insurer and adequate to its financial needs, the Director of the Department of Consumer and Business Services must consider at least the applicable factors stated in ORS § 731.554 for determining the reasonableness and adequacy of the insurer’s capital and surplus. [1993 c.447 § 50]
Terms Used In Oregon Statutes 732.582
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
EXAMINATIONS, CONFIDENTIALITY, REGULATORY POWERS