Alternative Insurance (includes surplus lines)
Oregon Revised Statutes Chapter 735
Edition and licensing notes
Edition. Oregon Revised Statutes 2025 Edition, chapter 735 page as served by oregonlegislature.gov and fetched 2026-09-29 (HTTP 200); the ORS index identifies the 2025 Edition as current. The chapter page prints no edition marker of its own.
Status. US state statute; public domain.
What this document is
Oregon Revised Statutes Chapter 735 - Alternative Insurance (includes surplus lines) is a state statute published by Oregon Legislative Assembly, oregonlegislature.gov. It is one of the Oregon documents that insurance license exam questions are written from, including oregon property & casualty, oregon personal lines practice questions. This page summarizes it and points to the official version, which is the text to rely on.
Sections cited in practice questions
Each practice answer shows the exact passage it comes from. These are sections of this document that questions cite, with a short excerpt from the source text.
- ORS 735.215(2) (Findings prior to formation of joint underwriting association; hearing)
“Notwithstanding subsection (1) of this section, if the lack of availability of insurance is due to legitimate insurance underwriting considerations, including past claims experience, licensing noncompliance or inadequate risk management, formation of a joint underwriting association shall not be appropriate.”
- ORS 735.005(3) (Definitions for ORS 735.005 to 735.145)
““Essential property insurance” means insurance against direct loss to property as defined and limited in standard fire policies and extended coverage indorsements thereon, as approved by the Director of the Department of Consumer and Business Services, and insurance against the perils of vandalism...”
- ORS 735.410(2) (Conditions for procuring insurance through nonadmitted insurer; rules)
“(2) Subsection (1)(b) of this section does not apply to a surplus lines licensee seeking to procure or place nonadmitted insurance in this state for an exempt commercial purchaser if: (a) The surplus lines licensee procuring or placing the surplus lines insurance has disclosed to the exempt...”
- ORS 735.415(1)(b)(A) (Qualifications for placement of coverage with nonadmitted insurer)
“(A) Has capital and surplus or its equivalent under the laws of its domiciliary jurisdiction that equals the greater of either the minimum capital and surplus requirements of its domiciliary jurisdiction or $15 million, except that the requirements of this subparagraph may be satisfied by an...”
- ORS 735.045 (Oregon FAIR Plan Association; insurers required to be members; plan of operation)
“Each insurer that is a member insurer shall become and remain a member of the association as a condition of its authority to transact insurance in this state.”
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Questions about this source
More Oregon sources
- ORS Chapter 746 - Trade Practices (selected Secs. 746.005-746.240)State statute
- Oregon Revised Statutes Chapter 742 - Insurance Policies Generally (152 sections, 742.001-742.710)State statute
- Oregon Revised Statutes Chapter 743 - Health and Life Insurance, first half (74 sections, 743.004-743.268)State statute
- Oregon Revised Statutes Chapter 743 - Health and Life Insurance, second half (116 sections, 743.269-743.826)State statute
- Oregon Revised Statutes Chapter 743A - Health Insurance Mandated Benefits (whole chapter, 743A.001-743A.335)State statute
- Oregon Revised Statutes Chapter 743B - Health Benefit Plans, first half (47 sections, 743B.001-743B.287)State statute
- Oregon Revised Statutes Chapter 743B - Health Benefit Plans, second half (50 sections, 743B.288-743B.810)State statute
- Oregon Revised Statutes Chapter 744 - Insurance Producers and Life Settlements, first half (60 sections, 744.052-744.367)State statute