Oregon Revised Statutes

Or. Rev. Stat. § 731.624 (2026)

Special deposits; foreign and alien insurers

✓ current as of May 2026

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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]

Notes of Decisions

Cited in 1 case, 1987–1987 · leading case: State ex rel. Driscoll v. Early Am. Ins., 733 P.2d 919 (Or. Ct. App. 1987).

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State ex rel. Driscoll v. Early Am. Ins., 733 P.2d 919 (Or. Ct. App. 1987). · cites it 7× “Pursuant to ORS 731.624, 1 it deposited $90,000 in certificates of deposit with the State Treasurer in order to be eligible to write fire, casualty and surety insurance, $30,000 for each type of insurance.”

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