{"data":{"id":"us-or/ors-735.190","jurisdiction":"us-or","citation":"ORS 735.190","heading":"Incorporation of captive reinsurer.","body":"(1) A captive reinsurer must be incorporated as a stock insurer with its capital divided into shares and held by the captive reinsurer’s shareholders. In incorporating, a captive reinsurer must comply with the requirements of ORS 735.164.\n      (2) The capital stock of a captive reinsurer must be issued at par value or greater.\n      (3) At least one member of the board of directors of a captive reinsurer incorporated in this state must be a resident of this state.","path":["18 - Financial Institutions, Insurance","56. Insurance","Chapter 735 — Alternative Insurance"],"source_url":"https://www.oregonlegislature.gov/bills_laws/ors/ors735.html","current_through":"2025 Edition","vintage":"","retrieved_at":"2026-09-03T23:50:17Z","sha256":"6df44efeb01c9a178b834568650a0463b2985149bfd3c2fa04ec8393a747f12e","source_id":"us-or","stale":false,"prev":"us-or/ors-735.188","next":"us-or/ors-735.200"},"notice":"GroundRules: Original legal text. Not legal advice."}