2017 ORS 735.166¹
Investment requirements for association captive insurer

(1)(a) An association captive insurer must comply with the investment requirements of ORS 733.510 (Investments of insurers) to 733.780 (Prohibited investments).

(b) Notwithstanding paragraph (a) of this subsection, the Director of the Department of Consumer and Business Services may by rule approve the use of alternative reliable methods of valuation and rating for an association captive insurer.

(2)(a) A pure captive insurer is not subject to any restrictions on allowable investments under ORS 733.510 (Investments of insurers) to 733.780 (Prohibited investments).

(b) The director may prohibit or limit an investment that threatens the solvency or liquidity of a pure captive insurer.

(3) A captive insurer may not make loans to the parent of the captive insurer or an affiliate of the captive insurer. [2012 c.84 §10]

Note: See note under 735.150 (Definitions for ORS 735.150 to 735.190).

1 Legislative Counsel Committee, CHAPTER 735—Alternative Insurance, https://­www.­oregonlegislature.­gov/­bills_laws/­ors/­ors735.­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.