2017 ORS 732.811¹
Application of ORS 732.810 to 732.814

(1) ORS 732.810 (Definitions for ORS 732.810 to 732.814) to 732.814 (Authority of director over controlling producer and controlled insurer) apply to an insurer who is authorized in this state to transact property insurance or casualty insurance, or both, and is:

(a) Domiciled in this state; or

(b) Domiciled in a state that is not accredited by the National Association of Insurance Commissioners and does not have in effect a law that the Director of the Department of Consumer and Business Services determines to be substantially similar to ORS 732.810 (Definitions for ORS 732.810 to 732.814) to 732.814 (Authority of director over controlling producer and controlled insurer). For purposes of this paragraph, a state is accredited if its insurance department or regulatory agency is determined by the National Association of Insurance Commissioners to meet the minimum financial regulatory standards promulgated and established from time to time by the National Association of Insurance Commissioners.

(2) ORS 732.517 (Purpose of ORS 732.517 to 732.546) to 732.596 (Request by insurance holding company system for determination or acknowledgement of group-wide supervisor) apply to all parties within a holding company system that is subject to ORS 732.810 (Definitions for ORS 732.810 to 732.814) to 732.814 (Authority of director over controlling producer and controlled insurer), to the extent that ORS 732.517 (Purpose of ORS 732.517 to 732.546) to 732.596 (Request by insurance holding company system for determination or acknowledgement of group-wide supervisor) are not inconsistent with ORS 732.810 (Definitions for ORS 732.810 to 732.814) to 732.814 (Authority of director over controlling producer and controlled insurer).

(3) ORS 732.810 (Definitions for ORS 732.810 to 732.814) to 732.814 (Authority of director over controlling producer and controlled insurer) do not apply to any of the following persons:

(a) A risk retention group as defined in the Superfund Amendments Reauthorization Act of 1986, P.L. 99-499, 100 Stat. 1613 (1986), the Liability Risk Retention Act, 15 U.S.C. § 3901 et seq. or ORS 735.305 (Definitions for ORS 735.300 to 735.365).

(b) A residual market pool or a joint underwriting authority or association.

(c) An insurer that is owned by another organization whose exclusive purpose is to insure risks of the parent organization and affiliated companies or, in the case of groups and associations, an insurer that is owned by the insureds and whose exclusive purpose is to insure risks to member organizations or group members and their affiliates, or any combination thereof. [1993 c.447 §59]

Note: See note under 732.810 (Definitions for ORS 732.810 to 732.814).

1 Legislative Counsel Committee, CHAPTER 732—Organization and Corporate Procedures of Domestic Insurers; Regulation of Insurers Generally, https://­www.­oregonlegislature.­gov/­bills_laws/­ors/­ors732.­html (2017) (last ac­cessed Mar. 30, 2018).
 
2 OregonLaws.org contains the con­tents of Volume 21 of the ORS, inserted along­side the per­tin­ent statutes. See the preface to the ORS An­no­ta­tions for more information.
 
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.