Or. Admin. Code § 836-029-0020 - Risk Limitation
The Director of the Department of Consumer and Business Services may:
(1) Limit the net amount
of risk a captive insurer retains for a single risk after considering the
impact of the retention on the captive insurer's capital and surplus;
or
(2) Prescribe and demand
additional capital and surplus of any captive insurer if the director
determines that the captive insurer is not adequately capitalized for the type,
volume and nature of the risk that is being covered by the captive
insurer.
Notes
Stat. Auth.: ORS 731.244, 2012 OL Ch. 84, Sec. 4 (Enrolled SB 1547)
Stats. Implemented: 2012 OL Ch. 84, Sec. 2-22 (Enrolled SB 1547)
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