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Oregon Revised Statutes

Or. Rev. Stat. § 731.042 (2026)

Certificate of exemption; application of certain Insurance Code provisions to exempt insurers

✓ current as of May 2026
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      731.042 Certificate of exemption; application of certain Insurance Code provisions to exempt insurers. (1) An exempt insurer who holds a certificate of exemption issued by the Director of the Department of Consumer and Business Services before January 1, 2003, may continue transacting insurance.

      (2) In order to continue a certificate of exemption, an exempt insurer to whom subsection (1) of this section applies must file its annual statement and pay the fees established by the director by March 1 of each year.

      (3) An exempt insurer shall be subject to ORS 731.296 to 731.316, 731.414, 731.418, 731.574, 731.988, 731.992, 733.010 to 733.115, 733.140 to 733.210, 743A.040, 746.075 and 746.110. [Formerly 736.020; 1979 c.870 §1; 1981 c.752 §15; 1989 c.413 §2; 2003 c.802 §174; 2005 c.22 §485]

Notes of Decisions
Cited in 2 cases, 1986–2002 · leading case: Strader v. Grange Mut. Ins., 39 P.3d 903 (Or. Ct. App. 2002).
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Strader v. Grange Mut. Ins., 39 P.3d 903 (Or. Ct. App. 2002). · cites it 4× “The court reasoned that defendant has been certified by the Director of the Department of Consumer and Business Services (Director) to conduct business in Oregon as a patrons of husbandry association, ORS 731.”
Corvallis Aero Serv., Inc. v. Villalobos, 724 P.2d 880 (Or. Ct. App. 1986). “…not the only insurer which is apparently not subject to the affirmative requirements of ORS chapter 734. See, e.g., ORS 731.042(4).”
— Or. Rev. Stat. § 731.042(3) — 1 case
Strader v. Grange Mut. Ins., 39 P.3d 903 (Or. Ct. App. 2002). “The court reasoned that defendant has been certified by the Director of the Department of Consumer and Business Services (Director) to conduct business in Oregon as a patrons of husbandry association, ORS 731.”
— Or. Rev. Stat. § 731.042(4) — 1 case
Corvallis Aero Serv., Inc. v. Villalobos, 724 P.2d 880 (Or. Ct. App. 1986). “…not the only insurer which is apparently not subject to the affirmative requirements of ORS chapter 734. See, e.g., ORS 731.042(4).”
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