ORS 733.030
Liabilities in general


In any determination of the financial condition of an insurer, liabilities to be charged against its assets shall be calculated in accordance with the Insurance Code and shall include:

(1)

The amount necessary to pay all of its unpaid losses and claims incurred on or prior to the date of the statement, whether reported or unreported to the insurer, together with the expenses of adjustment or settlement thereof.

(2)

For insurance other than specified in subsections (3) and (4) of this section, the amount of reserves equal to the unearned portions of the gross premiums charged on policies in force, calculated in accordance with the Insurance Code.

(3)

For life insurance policies:

(a)

Reserves on life insurance benefits, valued according to the tables of mortality, rates of interest, and valuation methods applicable thereto which are adopted pursuant to the Insurance Code.

(b)

Reserves for disability benefits, for both active and disabled lives.

(c)

Reserves for accidental death benefits.

(d)

Any additional reserves considered to be necessary by the Director of the Department of Consumer and Business Services.

(4)

For health insurance policies, the amount of reserves required pursuant to ORS 733.080 (Reserves for health insurance).

(5)

Taxes, expenses and other obligations due or accrued at the date of the statement.

(6)

Any additional reserves for asset valuation contingencies or loss contingencies required by the Insurance Code or considered to be necessary by the director for the protection of policyholders and stockholders of the insurer. [1967 c.359 §210]

Source: Section 733.030 — Liabilities in general, https://www.­oregonlegislature.­gov/bills_laws/ors/ors733.­html.

733.010
Assets allowed
733.020
Assets not allowed
733.030
Liabilities in general
733.040
Reinsurance credit
733.050
Increase of inadequate reserves
733.060
Unearned premium reserve
733.070
Unearned premium reserve for marine and transportation insurance trip risks
733.080
Reserves for health insurance
733.090
Unearned premium reserve and fund for title insurance
733.095
Unearned premium reserve for home protection insurance
733.100
Contingency reserve liability for mortgage insurance
733.115
Establishing reserves for variable life insurance and annuity policies
733.140
Disallowance of “wash” transactions
733.150
Alternative accounting for assets and liabilities
733.160
Valuation of assets other than securities
733.165
Valuation of securities
733.170
Accounts and records
733.210
Director’s determinations
733.220
Establishment and regulation of separate accounts to fund life insurance or annuities
733.230
Transactions of separate accounts registered with Securities and Exchange Commission
733.300
Short title
733.302
Reserve valuation method for life insurance policies and annuity and pure endowment contracts
733.304
Opinion of actuary
733.306
Computation of minimum standards for life insurance, industrial insurance, annuities and pure endowment contracts
733.308
Computation of minimum standard for annuities and pure endowment contracts
733.310
Interest rates for determining minimum standard for valuation
733.312
Amount of required reserves for life insurance policies
733.314
Amount of required reserves for certain annuity and pure endowment contracts
733.316
Aggregate reserves
733.318
Alternative standards of valuation
733.320
Minimum required reserve for certain policies
733.322
Calculation of reserves for plans for which minimum reserves cannot be determined under ORS 733.312, 733.314 or 733.320
733.325
Definitions
733.328
Annual valuation of reserve liabilities
733.331
Opinion of appointed actuary
733.334
Data submission in accordance with valuation manual
733.337
Confidentiality
733.340
Exemptions
733.510
Investments of insurers
733.520
Current operating requirements exempted
733.530
“Corporation,” “sovereign,” “political subdivision” defined
733.540
“Obligation” defined
733.550
“Amply secured obligation” defined
733.560
“Unencumbered” defined
733.570
“Improved real property” defined
733.575
Prohibited use of funds as compensating balances
733.578
Conditions necessary for investments used to provide compensating balances
733.580
Investment of required capitalization
733.590
Investment in obligations of sovereign, political subdivision thereof or corporation
733.600
Investment in mortgage loans
733.610
Investment in real property
733.620
Investment in stocks of corporation
733.630
Investment in securities or obligations of certain corporations
733.635
Approved activities of corporations in which investments authorized
733.640
Lending funds
733.650
Investment of funds in certain obligations and other specified items
733.652
Investment of funds of separate accounts
733.654
Limitation on amount of separate account investments
733.656
Limitation on securities owned or controlled by separate account investments
733.658
Applicability of separate account investment limitations
733.670
Investment of funds under “prudent investor” standard
733.680
Acquisition and retention of personal property generally
733.685
Investment of funds by home protection insurer
733.690
Investment of funds in title plant
733.695
Investment of funds in obligations that are not investment quality
733.700
Investment of funds in health care service facilities
733.710
Investments authorized by prior law
733.720
Investments subject to additional limitations and requirements
733.730
Approval by board of directors of investments and deposits
733.740
Record of investments required
733.750
Disposal of investments on order of director
733.760
Insurance required on buildings on property which is security for loan
733.770
Limitations on investments in property of any one person or single parcel of real estate
733.780
Prohibited investments
Green check means up to date. Up to date