Oregon Statutes 731.394 – Combinations of insuring powers in one insurer
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An insurer that otherwise qualifies therefor may be authorized to transact any one class or combination of classes of insurance, except:
Terms Used In Oregon Statutes 731.394
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
(1) A reciprocal insurer shall not transact life insurance or title insurance.
(2) A title insurer shall be a stock insurer, and shall not transact any other class of insurance.
(3) A mortgage insurer shall be a stock insurer, and shall not transact any other class of insurance. [1967 c.359 § 83; 1969 c.692 § 2]