Oregon mulls "captive insurance" bill

Portland Business Journal:

Oregon lawmakers are considering a measure that would allow more companies to start insurance sidelines that cover their own employees.

The “captive insurance” bill passed through the Oregon Senate’s Committee on Business, Transportation and Economic Development unanimously and could hit the full Senate floor for a vote this week.

Oregon has had no laws allowing captive insurers to operate in the state. Captive insurers insure the risks of businesses related to a given company through common ownership...

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