Oregon Administrative Rules
Chapter 836 - DEPARTMENT OF CONSUMER AND BUSINESS SERVICES, INSURANCE REGULATION
Division 14 - ALTERNATIVE INSURANCE ORGANIZATIONS
Section 836-014-0010 - Required Capitalization
Universal Citation: OR Admin Rules 836-014-0010
Current through Register Vol. 63, No. 9, September 1, 2024
A legal expense organization shall possess and thereafter maintain capital or surplus, or any combination thereof, of not less than $25,000 or an amount equal to 25 percent of the gross written prepaid fees collected from plan members in the preceding calendar year, whichever is greater, but in no case shall the required amount be more than $300,000.
Stat. Auth.: ORS 731 & ORS 750
Stats. Implemented: ORS 750.535(3)(a)
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