Determination of reasonableness and adequacy of capital and surplus
For purposes of ORS 732.517 (Purpose of ORS 732.517 to 732.546) to 732.592 (Recovery from parent corporation or holding company if domestic insurer ordered into liquidation or rehabilitation), 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 (Capital and surplus requirements) for determining the reasonableness and adequacy of the insurer’s capital and surplus. [1993 c.447 §50]
EXAMINATIONS, CONFIDENTIALITY, REGULATORY POWERS
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