(1) In order to provide the private insurance specified under ORS § 469.561, an insurer must be authorized to provide or transact insurance in this state.

Ask a business law question, get an answer ASAP!
Thousands of highly rated, verified business lawyers.
Click here to chat with a lawyer about your rights.

(2) An insurer providing property insurance required under ORS § 469.561 (1) to (5) may obtain reinsurance as defined in ORS § 731.126. [Formerly 469.567]

(Enforcement)