How to become an eligible surplus lines insurer
The requirements to obtain eligibility in Oregon are found in ORS 735.415. The insurer needs to do the following:
Once these items are received and found to be in order, a letter will be sent confirming eligibility for surplus line placements in the state of Oregon.
To maintain eligibility, annually the insurer will be required to file its annual statement by June 30. There is no annual filing fee.
Oregon does not maintain a "white" or "approved" list of surplus lines insurers. Submission of the annual statement keeps the insurer eligible for any surplus line agent who deems, upon their own responsibility, that the insurer is financially sound, and a reputable carrier in which to place business.