# ORS § 732.025: 732.025 Application for permit to organize stock insurer

> Oregon · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_OR_T56_C732_S732.025

## Section

- **Citation:** ORS § 732.025
- **Heading:** 732.025 Application for permit to organize stock insurer
- **Jurisdiction:** Oregon
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** OR Code / Title 56 / Chapter 732 / Section 732.025

## Text

Any person or persons desiring to organize a domestic stock insurer shall, as prospective incorporators, first file an application with the Director of the Department of Consumer and Business Services for a permit to organize such an insurer. The applicants shall pay the applicable fee to the director at the time the application is filed. The application shall be on forms provided by the director, shall be signed by the applicants and verified. The form shall specify information with regard to the following:

(1) The class or classes of insurance to be transacted.

(2) The full names and addresses of each person who will own or control, directly or indirectly, 10 percent or more of the stock.

(3) The full name and residence address of each person associated or to be associated in the formation, organization, operation, management, stock underwriting or financing of the insurer.

(4) Full disclosure of the terms of all pertinent agreements and understandings existing or proposed among and between such persons so associated. A copy of all such agreements and understandings shall be filed with the application.

(5) The full name and residence address of the proposed directors and officers, including information regarding the character, financial responsibility, business ability and experience in the business of insurance or businesses related thereto, of each.

(6) The proposed capitalization, the plan of financing and for solicitation of stock, and a summary of the plan of operation, including types of policies to be issued.

(7) Such additional information, including but not limited to financial data, actuarial projections and copies of proposed policies, which the director may by rule or otherwise require. [1967 c.359 §148; 1989 c.413 §7; 1991 c.401 §4]

Source: Section 732.025 — Application for permit to organize stock insurer; rules , https://www.­oregonlegislature.­gov/bills_laws/ors/ors732.­html (accessed May 26, 2025).

## Nearby sections

- [ORS § 732.005 732.005 Application of private corporation law](https://www.frixlaw.com/law-library/statutes/STATE_OR_T56_C732_S732.005.md)
- [ORS § 732.015 732.015 Permit to organize insurer required](https://www.frixlaw.com/law-library/statutes/STATE_OR_T56_C732_S732.015.md)
- [ORS § 732.025 732.025 Application for permit to organize stock insurer](https://www.frixlaw.com/law-library/statutes/STATE_OR_T56_C732_S732.025.md)
- [ORS § 732.035 732.035 Application for permit to organize insurer without capital stock](https://www.frixlaw.com/law-library/statutes/STATE_OR_T56_C732_S732.035.md)
- [ORS § 732.045 732.045 Investigation of applications to organize insurers](https://www.frixlaw.com/law-library/statutes/STATE_OR_T56_C732_S732.045.md)
- [ORS § 732.055 732.055 Approval or disapproval of application for permit](https://www.frixlaw.com/law-library/statutes/STATE_OR_T56_C732_S732.055.md)
- [ORS § 732.065 732.065 Reporting of changes in information in application](https://www.frixlaw.com/law-library/statutes/STATE_OR_T56_C732_S732.065.md)
- [ORS § 732.075 732.075 Revoking or suspending permit to organize insurer](https://www.frixlaw.com/law-library/statutes/STATE_OR_T56_C732_S732.075.md)
- [ORS § 732.085 732.085 Incorporators](https://www.frixlaw.com/law-library/statutes/STATE_OR_T56_C732_S732.085.md)
- [ORS § 732.095 732.095 Articles of incorporation](https://www.frixlaw.com/law-library/statutes/STATE_OR_T56_C732_S732.095.md)
- [ORS § 732.105 732.105 Filing articles of incorporation and surety bond, letter of credit or deposit](https://www.frixlaw.com/law-library/statutes/STATE_OR_T56_C732_S732.105.md)
- [ORS § 732.115 732.115 Approval of articles, documents and bond, letter of credit or deposit](https://www.frixlaw.com/law-library/statutes/STATE_OR_T56_C732_S732.115.md)
- [ORS § 732.125 732.125 Registration of securities subsequent to issuance of organization permit and certificate of incorporation](https://www.frixlaw.com/law-library/statutes/STATE_OR_T56_C732_S732.125.md)
- [ORS § 732.135 732.135 Soliciting subscriptions and applications](https://www.frixlaw.com/law-library/statutes/STATE_OR_T56_C732_S732.135.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_OR_T56_C732_S732.025. Check the current official text before relying on it. Not legal advice.