If the proposed domestic insurer is to issue securities, it shall comply with the applicable provisions of ORS § 59.005 to 59.505, 59.710 to 59.830, 59.991 and 59.995. However, the Director of the Department of Consumer and Business Services shall not allow the registration of securities of a proposed domestic insurer unless the organizers of such insurer have been issued an organization permit under ORS § 732.055, and have received a certificate of incorporation under ORS § 732.115. [1967 c.359 § 158; 1987 c.414 § 162]

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[Amended by 1967 c.359 § 670; renumbered 751.105]