ORS 731.624: Special deposits; foreign and alien insurers.

Every insurer, before transacting insurance in this state, shall make the following deposits with the Department of Consumer and Business Services: (1) Foreign or alien insurers transacting surety insurance in this state, $250,000. (2) Foreign or alien insurers transacting title insurance in this state, $100,000. (3) Foreign or alien insurers transacting home protection insurance in this state, $100,000. (4) Foreign or alien insurers transacting mortgage guaranty insurance in this state, $500,000. [1967 c.359 §117; 1981 c.247 §7; 1987 c.483 §4; 1999 c.196 §3]