2013 ORS § 731.381¹
Exemption from taxes for foreign and alien insurers engaging in activities authorized by ORS 731.380

Engaging in the activities authorized by ORS 731.380 (Authority of foreign and alien insurers to take, acquire, hold and enforce notes secured by mortgages) by a foreign or alien insurer shall not subject the foreign or alien insurer to any tax, license fee or charge, except as provided in ORS 731.380 (Authority of foreign and alien insurers to take, acquire, hold and enforce notes secured by mortgages), for the privilege of doing business within the State of Oregon or to any tax measured by net or gross income. However, if the foreign or alien insurer acquires any property given as security for such a mortgage or trust deed, all income accruing to the foreign or alien insurer solely from the ownership, sale or other disposal of such property is subject to taxation in the same manner and on the same basis as income of corporations doing business in this state. [1987 c.94 §119]