2021 Oregon Revised Statutes
Chapter 734 - Rehabilitation, Liquidation and Conservation of Insurers
Section 734.700 - Defense of claims on default of insolvent insurer.


(2) If any covered claim arises from a judgment based on the default of the insolvent insurer or its failure to defend an insured, the association may apply to have such judgment set aside, and, upon such application shall be permitted to defend against the claim on the merits. [1971 c.616 ยง22]

Structure 2021 Oregon Revised Statutes

2021 Oregon Revised Statutes

Volume : 18 - Financial Institutions, Insurance

Chapter 734 - Rehabilitation, Liquidation and Conservation of Insurers

Section 734.014 - Definitions.

Section 734.026 - "Domiciliary," "ancillary" and "reciprocal state" defined.

Section 734.043 - Supervision of insurer; order; consequences; insurer remedies.

Section 734.047 - Time for correction of condition leading to order of supervision.

Section 734.059 - Request for court order.

Section 734.063 - Court order; hearings; notice.

Section 734.067 - Review of court order.

Section 734.110 - Jurisdiction of delinquency proceedings; venue.

Section 734.113 - Application of Oregon Receivership Code.

Section 734.120 - Exclusive remedy; appeal.

Section 734.130 - Commencement of delinquency proceeding.

Section 734.140 - Injunctions.

Section 734.142 - Cooperation with director in delinquency proceedings.

Section 734.144 - Immunity of certain persons from civil liability.

Section 734.150 - Grounds for rehabilitation of domestic insurers.

Section 734.160 - Order of rehabilitation for domestic insurers.

Section 734.170 - Grounds for liquidation of domestic insurers.

Section 734.180 - Order of liquidation of domestic insurers.

Section 734.190 - Grounds for conservation of foreign and alien insurers.

Section 734.200 - Conservation or ancillary receivership of foreign and alien insurers.

Section 734.210 - Conduct of delinquency proceedings for domestic insurers.

Section 734.220 - Powers of director as receiver.

Section 734.240 - Conduct of delinquency proceedings for foreign insurers.

Section 734.260 - Claims of nonresidents against domestic insurers.

Section 734.270 - Claims of residents against foreign insurers.

Section 734.280 - Form of claim; notice; hearing.

Section 734.290 - Priority of preferred claims.

Section 734.350 - Voidable transfers.

Section 734.360 - Preference of claims.

Section 734.380 - Allowance of certain claims.

Section 734.390 - Time to file claims.

Section 734.400 - Report for assessment; domestic mutual and reciprocal insurers.

Section 734.410 - Levy of assessment; domestic mutual and reciprocal insurers.

Section 734.430 - Publication and transmittal of assessment order.

Section 734.440 - Judgment upon assessment.

Section 734.510 - Definitions for ORS 734.510 to 734.710.

Section 734.560 - Association board of directors; terms; vacancies; compensation and expenses; quorum.

Section 734.570 - Required functions of association.

Section 734.579 - Recoupment assessments; rules.

Section 734.580 - Discretionary functions of association.

Section 734.590 - Plan of operation; submission to director; rules.

Section 734.600 - Contents of plan of operation.

Section 734.610 - Notification to association of insurer insolvency; furnishing association with premium information.

Section 734.620 - Notification of insolvency to insured persons; revocation of designation of servicing facility.

Section 734.630 - Assignment of claim rights; filing statements of paid claims; effect of claim settlements.

Section 734.635 - Disbursing assets of insolvent insurer to association; court approval; notice to other states.

Section 734.640 - Claim priority.

Section 734.650 - Notifying director of impaired insurers; examination; reports on impaired insurers.

Section 734.695 - Liability of insured of insolvent insurer.

Section 734.700 - Defense of claims on default of insolvent insurer.

Section 734.710 - Administration of delinquency proceeding claims and expenses; application of ORS 734.014, 734.026 and 734.110 to 734.440 to insurers.

Section 734.760 - Definitions for ORS 734.750 to 734.890.

Section 734.770 - Purpose.

Section 734.790 - Application.

Section 734.800 - Oregon Life and Health Insurance Guaranty Association; required members; required accounts.

Section 734.805 - Association board of directors; terms; selection; vacancies; compensation and expenses.

Section 734.810 - Duties and powers of association; termination of obligations; limit of obligations.

Section 734.815 - Assessment of members; classes of assessments; amounts; refunds.

Section 734.820 - Plan of operation; submission of amendments to director; rules; contents of plan.

Section 734.825 - Powers and duties of director.

Section 734.830 - Notifying director of impaired insurers; examination; reports on impaired insurers.

Section 734.835 - Assessments offset against tax liabilities; rate.

Section 734.840 - Conduct of liquidation, rehabilitation or conservation proceeding involving impaired or insolvent insurer.