1. (1) A CCO may acquire and retain personal property received as a dividend, gift or devise, or pursuant to a lawful plan of merger, consolidation or reorganization or bona fide agreement of bulk reinsurance, or in satisfaction or liquidation of an obligation, or in exchange or part payment for real or personal property previously owned or to protect or enhance such property.
2. (2) A CCO may make purchases or loan sums necessary to protect, preserve or enhance investment property, real or personal, which it is otherwise authorized to acquire or hold.
3. (3) The Authority shall allow as assets in any determination of the financial condition of the CCO only such property or investments acquired or retained under this section as are consistent with the customary operations of a CCO.

Statutory/Other Authority

ORS 413.042, 414.572, 414.591 & 414.605

Statutes/Other Implemented

ORS 414.570-414.686 & 415.001-415.430

History

DMAP 143-2024, amend filed 12/29/2024, effective 01/01/2025
DMAP 59-2019, adopt filed 12/18/2019, effective 01/01/2020