Compliance with sound actuarial principles
Notwithstanding the limits of risk set forth in ORS 731.504 (Limit of risk), any captive insurer for which the Director of the Department of Consumer and Business Services issues a certificate of authority under ORS 735.150 (Definitions for ORS 735.150 to 735.190) to 735.190 (Incorporation of captive reinsurer) must comply with sound actuarial principles as determined by the director and must submit reports demonstrating such compliance to the director. [2012 c.84 §15]
Note: See note under 735.150 (Definitions for ORS 735.150 to 735.190).
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