Are reinsurance premiums included in the insurance sales factor?
Generally ORS 317.660 provides that the insurance sales factor does not include reinsurance accepted, and there is no deduction of reinsurance ceded. If the exclusion of reinsurance premiums results in an apportionment formula not fairly representing the extent of an insurance company’s activity in Oregon, the taxpayer may petition for the inclusion of the reinsurance premiums in the sales factor.
