OAR 836-014-0010: Required Capitalization
Edition: Current OARD snapshotEffective: 1990-01-24Last verified: 2026-09-07
A legal expense organization shall possess and thereafter maintain capital or surplus, or any combination thereof, of not less than $25,000 or an amount equal to 25 percent of the gross written prepaid fees collected from plan members in the preceding calendar year, whichever is greater, but in no case shall the required amount be more than $300,000.
Official history and status
Statutory/Other Authority: ORS 731 & 750
Statutes/Other Implemented: ORS 750.535(3)(a)
History: ID 4-1990, f. & cert. ef. 1-24-90
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Official source: https://secure.sos.state.or.us/oard/