ORS 731.042¹
Certificate of exemption
  • application of certain Insurance Code provisions to exempt insurers

(1) An exempt insurer who holds a certificate of exemption issued by the Director of the Department of Consumer and Business Services before January 1, 2003, may continue transacting insurance.

(2) In order to continue a certificate of exemption, an exempt insurer to whom subsection (1) of this section applies must file its annual statement and pay the fees established by the director by March 1 of each year.

(3) An exempt insurer shall be subject to ORS 731.296 (Director's inquiries) to 731.316 (Expenses of examination of insurer), 731.414 (Suspension or revocation of certificate of authority), 731.418 (Grounds for suspension or revocation of certificate of authority), 731.574 (Annual financial statement), 731.988 (Civil penalties), 731.992 (Criminal penalty), 733.010 (Assets allowed) to 733.115 (Establishing reserves for variable life insurance and annuity policies), 733.140 (Disallowance of "wash" transactions) to 733.210 (Director's determinations), 743A.040 (Services provided by optometrist), 746.075 (Misrepresentation generally) and 746.110 (False, deceptive or misleading statements). [Formerly 736.020; 1979 c.870 §1; 1981 c.752 §15; 1989 c.413 §2; 2003 c.802 §174; 2005 c.22 §485]

Chapter 731

Atty. Gen. Opinions

Vehicle service contracts sold to purchasers by motorcycle and motor vehicle dealers as constituting sale of insurance, (1978) Vol 38, p 2218

1 Legislative Counsel Committee, CHAPTER 731—Administration and General Provisions, https://­www.­oregonlegislature.­gov/­bills_laws/­Archive/­2007ors731.­pdf (2007) (last ac­cessed Feb. 12, 2009).
2 Legislative Counsel Committee, Annotations to the Oregon Revised Stat­utes, Cumulative Supplement - 2007, Chapter 731, https://­www.­oregonlegislature.­gov/­bills_laws/­ors/­731ano.­htm (2007) (last ac­cessed Feb. 12, 2009).
3 OregonLaws.org assembles these lists by analyzing references between Sections. Each listed item refers back to the current Section in its own text. The result reveals relationships in the code that may not have otherwise been apparent. Currency Information