(a) Law enforcement officials and their agents and employees.
(b) The National Association of Insurance Commissioners, the Department of Consumer and Business Services, a federal or state governmental agency established to detect and prevent activities described in subsection (3) of this section and any other organization established for the same purpose, and agents, employees or designees of any such person or entity.
(2) A person acting without malice, fraudulent intent or bad faith is not subject to liability by virtue of filing reports or furnishing information regarding any activity described in subsection (3) of this section with or to any person or other entity described in subsection (1) of this section.
(3) The activities referred to in subsections (1) and (2) of this section include but are not limited to the following, whether any activity is suspected or anticipated or has occurred:
(a) Acts or omissions by a person who presents a statement described in this paragraph to or by an insurer or an insurance producer, causes such a statement to be presented to or by an insurer or an insurance producer, or prepares such a statement with knowledge or belief that it will be presented to or by an insurer or an insurance producer. This paragraph applies to any statement that the person knows to contain false information as part of, in support of or concerning any fact relating to the following, or conceals relevant information relating to the following:
(A) An application for the issuance of insurance.
(B) The rating of insurance.
(C) A claim for payment or benefit pursuant to any insurance.
(D) Premiums paid on insurance.
(E) Payments made in accordance with the terms of insurance coverage.
(F) An application for a certificate of authority.
(G) The financial condition of an insurer.
(H) The acquisition of any insurer.
(b) Solicitation or an attempt to solicit new or renewal insurance by or for an insolvent insurer or other person subject to regulation under the Insurance Code.
(c) Removal or an attempt to remove assets or any record of assets, transactions and affairs from the home office or other place of business of the insurer or other person subject to regulation under the Insurance Code, or from the place of safekeeping of such a person, or who conceals or attempts to conceal the assets or record from the Director of the Department of Consumer and Business Services.
(d) Diversion, an attempt to divert or a conspiracy to divert funds of an insurer or other person subject to regulation under the Insurance Code, or of any other person, in connection with:
(A) The transaction of insurance.
(B) The conduct of business activities by an insurer or other person subject to regulation under the Insurance Code.
(C) The formation, acquisition or dissolution of an insurer or other person subject to regulation under the Insurance Code.
(4) This section does not abrogate or modify in any way any common law or statutory privilege or immunity otherwise enjoyed by a person or entity made immune from liability under this section.
(5) The court may award reasonable attorney fees to the prevailing party in any tort action against a person who claims immunity under the provisions of this section. [1993 c.447 §103; 1995 c.618 §128; 2003 c.364 §74]
Structure 2021 Oregon Revised Statutes
Volume : 18 - Financial Institutions, Insurance
Chapter 731 - Administration and General Provisions
Section 731.026 - Application of Insurance Code to particular insurers.
Section 731.036 - Persons completely exempt from application of Insurance Code.
Section 731.066 - "Authorized," "unauthorized" insurer.
Section 731.069 - "Certificate," "certificate holder."
Section 731.072 - "Certificate of authority," "license."
Section 731.074 - "Commercial liability insurance."
Section 731.075 - "Covered life."
Section 731.076 - "Department," "director."
Section 731.082 - "Domestic," "foreign," "alien" insurer.
Section 731.096 - "Domicile of alien insurer."
Section 731.097 - "Essential health benefits."
Section 731.098 - "Group health insurance."
Section 731.099 - "Independently procured insurance."
Section 731.102 - "Insurance."
Section 731.104 - "Insurance producer."
Section 731.114 - "Limited benefit coverage."
Section 731.142 - "Stock," "mutual" and "reciprocal" insurer.
Section 731.144 - "Surplus lines insurance."
Section 731.146 - "Transact insurance."
Section 731.158 - "Casualty insurance."
Section 731.164 - "Home protection insurance," "home protection insurer."
Section 731.170 - "Life insurance"; includes annuities.
Section 731.174 - "Marine and transportation insurance."
Section 731.178 - "Mortgage insurance."
Section 731.194 - "Wet marine and transportation insurance."
Section 731.216 - Administrative power of director.
Section 731.228 - Prohibited interests and rewards.
Section 731.232 - Subpoena power.
Section 731.236 - General powers and duties.
Section 731.240 - Hearings in general.
Section 731.252 - Cease and desist orders.
Section 731.256 - Enforcement generally; restitution.
Section 731.259 - Requirement for written notice to insured; rules.
Section 731.264 - Complaints and investigations confidential; permitted disclosures; rules.
Section 731.268 - Use of reproductions and certified copies as evidence; fee.
Section 731.272 - Director’s annual reports; notice of publication of report.
Section 731.280 - Publications authorized.
Section 731.284 - Distribution of insurance laws.
Section 731.292 - Disposition of fees, charges, taxes, penalties and other moneys.
Section 731.300 - Examination of insurers; when required.
Section 731.304 - Investigation of persons transacting insurance.
Section 731.308 - Procedure at examination or investigation; production of books and other records.
Section 731.314 - Immunity for director, examiner and others.
Section 731.324 - Service of process on Secretary of State; notice to unauthorized insurer.
Section 731.328 - Deposits by unauthorized insurers in actions or proceedings.
Section 731.362 - Requirements of foreign or alien insurers generally.
Section 731.363 - Authorized foreign insurer becoming domestic insurer.
Section 731.369 - Requirements of reciprocal insurers generally.
Section 731.370 - Reciprocal insurer’s financial statement; service of process.
Section 731.371 - Powers of reciprocal insurer regarding real estate.
Section 731.374 - Exemptions to certificate of authority requirement.
Section 731.386 - Management of insurers.
Section 731.394 - Combinations of insuring powers in one insurer.
Section 731.402 - Issuance or refusal of certificate of authority.
Section 731.406 - What certificate evidences; ownership of certificate.
Section 731.410 - Continuance, expiration or reinstatement of certificate of authority.
Section 731.414 - Suspension or revocation of certificate of authority; mandatory grounds.
Section 731.418 - Grounds for suspension or revocation of certificate of authority.
Section 731.428 - Written consent to engage or participate in business of insurance; rules.
Section 731.430 - Name of insurer.
Section 731.434 - Registered office and agent.
Section 731.458 - Exchange of reciprocal or interinsurance contracts.
Section 731.466 - Power of attorney for reciprocal insurer.
Section 731.470 - Attorney for reciprocal insurer.
Section 731.484 - Prohibition on certain sales related to group health and group life insurance.
Section 731.488 - Annual audit of insurer; rules.
Section 731.504 - Limit of risk.
Section 731.508 - Approved reinsurance.
Section 731.509 - Legislative intent; criteria for allowing credit for reinsurance; rules.
Section 731.510 - Criteria for allowing reduction from liability for reinsurance; rules.
Section 731.512 - Withdrawal of insurer; reinsurance.
Section 731.516 - Mortgage insurance limitation; waiver of limitation; rules; fees.
Section 731.554 - Capital and surplus requirements.
Section 731.574 - Annual financial statement.
Section 731.590 - "Insurer" defined for ORS 731.592 and 731.594.
Section 731.592 - Reporting criminal conduct involving insurance.
Section 731.604 - Acceptance of deposits of insurers.
Section 731.608 - Purpose of deposit.
Section 731.612 - Rights of insurer regarding deposits.
Section 731.616 - Valuation of deposits; deficiencies.
Section 731.620 - Assignment of deposited securities.
Section 731.624 - Special deposits; foreign and alien insurers.
Section 731.628 - Deposit required of workers’ compensation insurers.
Section 731.636 - Deposit or trusteed assets of alien insurer required.
Section 731.640 - Eligible deposits; rules.
Section 731.644 - Payment of losses out of deposits, generally.
Section 731.648 - Duration and release of deposit.
Section 731.652 - Proofs for release of deposit to insurers; director’s responsibility.
Section 731.730 - Insurer filings with National Association of Insurance Commissioners.
Section 731.754 - Permissible uses of reports and plans described in ORS 731.752.
Section 731.760 - Definitions for ORS 731.760 to 731.770.
Section 731.761 - Privileged information.
Section 731.762 - Authority of director.
Section 731.764 - Waiver of privilege; permitted disclosures.
Section 731.766 - Petition for in camera hearing; hearing; compelled disclosure.
Section 731.768 - Privilege; exceptions.
Section 731.804 - Assessments; rules; fees; how determined.
Section 731.820 - Gross premium tax on fire insurance premiums.
Section 731.822 - Prepayment of tax due.
Section 731.824 - Tax on underwriting profits of wet marine and transportation insurers.
Section 731.828 - Computation of wet marine and transportation insurance tax.
Section 731.833 - Record keeping requirements for wet marine and transportation insurance contracts.
Section 731.836 - Limitation on enforcement of insurer’s tax obligations.
Section 731.854 - Retaliatory tax.
Section 731.859 - Applicability of retaliatory provisions; disclosure of tax returns.
Section 731.870 - State of emergency; effect upon insurance policies; rules.