2021 Oregon Revised Statutes
Chapter 732 - Organization and Corporate Procedures of Domestic Insurers; Regulation of Insurers Generally
Section 732.155 - Organization to be completed within two years; policies to be issued within one year of certification.

2021 Oregon Revised Statutes

Volume : 18 - Financial Institutions, Insurance

Chapter 732 - Organization and Corporate Procedures of Domestic Insurers; Regulation of Insurers Generally

Section 732.005 - Application of private corporation law; definitions.

Section 732.025 - Application for permit to organize stock insurer; rules.

Section 732.035 - Application for permit to organize insurer without capital stock.

Section 732.055 - Approval or disapproval of application for permit.

Section 732.095 - Articles of incorporation.

Section 732.105 - Filing articles of incorporation and surety bond, letter of credit or deposit.

Section 732.115 - Approval of articles, documents and bond, letter of credit or deposit; certificate of incorporation.

Section 732.145 - Stipulations required in subscriptions and applications; disposition of subscribed funds.

Section 732.155 - Organization to be completed within two years; policies to be issued within one year of certification.

Section 732.205 - General powers of insurers.

Section 732.220 - Exclusive agency contracts.

Section 732.225 - Impairment of required capitalization prohibited; rules.

Section 732.230 - Order to cure impairment; confidentiality of order.

Section 732.235 - Voluntary dissolution of insurer.

Section 732.240 - Trusts of life insurance proceeds.

Section 732.245 - Home office; records, assets; unlawful removal; rules.

Section 732.250 - Continuity of management in event of national emergency.

Section 732.320 - Supporting documents for expenditures.

Section 732.325 - Certain transactions and compensation between insurers and directors, trustees, officers, agents or employees prohibited; other prohibited conduct.

Section 732.415 - Stock insurer’s proxies; regulation by director; rules.

Section 732.420 - "Equity security" defined; rules.

Section 732.425 - Application of insider trading regulation.

Section 732.435 - Suit to recover insider profits; exempted transactions; rules.

Section 732.440 - Prohibited sales of securities.

Section 732.445 - Establishing or maintaining primary or secondary market in securities; rules.

Section 732.465 - Members of domestic mutual insurers.

Section 732.470 - Voting rights of members of mutual insurer.

Section 732.475 - Members’ meetings and procedures of domestic mutual and reciprocal insurers.

Section 732.480 - Copy of bylaws of domestic mutual insurer to be provided to director; provisions of bylaws.

Section 732.518 - Definitions for ORS 732.517 to 732.546.

Section 732.521 - Activities that are prohibited unless specified procedures followed; exceptions; notice of divestiture.

Section 732.523 - Procedure for acquiring controlling interest of capital stock; filing of statement; contents; request for hearing.

Section 732.526 - Hearing on proposed activity; notice.

Section 732.527 - Approval of acquisition by chief insurance regulatory officials of two or more jurisdictions; hearing.

Section 732.528 - Approval of proposed activity; grounds for refusing approval.

Section 732.529 - Procedures following approval by director of proposed activity.

Section 732.531 - Acquisition of assets or insurance of mutual or reciprocal insurers.

Section 732.536 - Compliance with foreign or alien laws.

Section 732.537 - Application of ORS 732.527, 732.539, 732.542 and 732.544 to change of control of insurer; exemptions.

Section 732.538 - Effect of merger or consolidation.

Section 732.539 - Notification of acquisition; confidentiality; order; rules; required information; waiting period.

Section 732.542 - Monopoly or substantial diminishment of competition; director’s order; prima facie and substantial evidence; determination of scope and extent of market.

Section 732.544 - Director’s order; effect; requirements for issuing; penalties.

Section 732.547 - Remedies for violation of ORS 732.517 to 732.546.

Section 732.548 - Definitions for ORS 732.517 to 732.596.

Section 732.549 - Subsidiaries.

Section 732.551 - Registration of insurer members of holding company systems.

Section 732.552 - Registration statement; form; contents.

Section 732.566 - Exemption from ORS 732.517 to 732.596 by director.

Section 732.568 - Disclaimer of affiliation; contents; subsequent duty to register; disallowance of disclaimers by director.

Section 732.571 - Supervisory college for domestic insurer; purpose; director’s powers; payment of expenses.

Section 732.574 - Standards for transactions within holding company; notice.

Section 732.576 - Dividends and distributions.

Section 732.578 - Liability of officers and directors of insurer that is subject to registration; allowance for common management; qualifications of directors; exemptions; waiver.

Section 732.584 - Examinations; penalty; costs.

Section 732.586 - Confidentiality of information; permitted disclosures.

Section 732.588 - Supervision, rehabilitation or liquidation.

Section 732.592 - Recovery from parent corporation or holding company if domestic insurer ordered into liquidation or rehabilitation.

Section 732.594 - Director’s determination or acknowledgment of appropriate group-wide supervisor for internationally active insurance group; requirement for insurer to produce needed information; director’s powers; cooperation with other regulatory...

Section 732.600 - Definitions for ORS 732.600 to 732.630.

Section 732.602 - Intent of ORS 732.600 to 732.630.

Section 732.604 - Permissible actions of domestic mutual insurer; rules.

Section 732.606 - Plan for conversion or reorganization; documents filed; approval by director and members.

Section 732.608 - Waiver of requirements of ORS 732.606.

Section 732.610 - Contents of plan.

Section 732.611 - Eligible member of domestic mutual insurer or mutual holding company; record date.

Section 732.612 - Consideration for membership interest in converting or reorganizing mutual insurer; kinds of consideration; allocation of consideration.

Section 732.614 - Effect of conversion.

Section 732.616 - Reorganization involving organization of stock holding company; subsidiaries.

Section 732.618 - Reorganization involving organization of mutual holding company; subsidiaries.

Section 732.620 - Status of mutual holding company as corporation; status as insurer; rights and obligations of members; voting; articles of incorporation.

Section 732.622 - Restructuring of mutual holding company.

Section 732.624 - Approval by Director of Department of Consumer and Business Services of mutual holding company restructuring plan; approval by members; effect of restructuring.

Section 732.626 - Plan review and approval; general provisions.

Section 732.628 - Limitations on ownership of shares in companies resulting from conversion, reorganization or restructuring.

Section 732.630 - Dissenters’ rights; action challenging validity of conversion, reorganization or restructuring.

Section 732.650 - Definitions.

Section 732.653 - Scope; requirements and guidance.

Section 732.656 - Risk management framework.

Section 732.659 - Own risk and solvency assessment in accordance with manual.

Section 732.662 - Own risk and solvency summary report; attestation.

Section 732.666 - Exemptions; director’s requirements.

Section 732.669 - Documentation and supporting information; director’s review.

Section 732.672 - Confidentiality; permissible disclosures; agreement with National Association of Insurance Commissioners.

Section 732.680 - Submission of corporate governance annual disclosure; determination of lead state; signature and attestation; level of disclosure permitted; review; rules.

Section 732.683 - Discretion as to form and content of responses to inquiries in corporate governance annual disclosure; documentation and supporting information.

Section 732.686 - Maintenance of confidentiality and privilege; permitted disclosures; waivers.

Section 732.689 - Retention of consultant to assist director’s review of corporate governance annual disclosure; consultant’s qualifications and duties; agreement with consultant.

Section 732.810 - Definitions for ORS 732.810 to 732.814.

Section 732.811 - Application of ORS 732.810 to 732.814.

Section 732.812 - Filing of financial statements; contract requirements; audit; reports to director.

Section 732.813 - Notice to prospective insured.

Section 732.814 - Authority of director over controlling producer and controlled insurer.

Section 732.820 - Interstate Insurance Product Regulation Compact.

Section 732.825 - State member of Interstate Insurance Product Regulation Commission.