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Section 732.005 - Application of private corporation law; definitions. - (2) The following sections in ORS chapter 60 do not...
Section 732.025 - Application for permit to organize stock insurer; rules. - (1) The class or classes of insurance to be transacted....
Section 732.035 - Application for permit to organize insurer without capital stock. - (1) A copy of each policy for which applications are...
Section 732.055 - Approval or disapproval of application for permit. - (2) The 90-day period referred to in subsection (1) of...
Section 732.095 - Articles of incorporation. - (2) The articles or other basic document of a mutual...
Section 732.105 - Filing articles of incorporation and surety bond, letter of credit or deposit. - (1) Duplicate originals of the articles of incorporation signed by...
Section 732.115 - Approval of articles, documents and bond, letter of credit or deposit; certificate of incorporation. - (a) Indorse on each of such duplicate originals of the...
Section 732.145 - Stipulations required in subscriptions and applications; disposition of subscribed funds. - (2) Sums paid by subscribers and applicants must be deposited...
Section 732.155 - Organization to be completed within two years; policies to be issued within one year of certification. - (2) If any domestic insurer does not commence to issue...
Section 732.205 - General powers of insurers. - (1) The general and emergency powers granted to corporations by...
Section 732.220 - Exclusive agency contracts. - (2) Any such contract shall provide that any such producer...
Section 732.225 - Impairment of required capitalization prohibited; rules. - (1) Its required capitalization; or (2) A greater amount which...
Section 732.230 - Order to cure impairment; confidentiality of order. - (2) If the amount of any such impairment is not...
Section 732.235 - Voluntary dissolution of insurer. - (2) The plan of dissolution must provide for reinsurance of...
Section 732.240 - Trusts of life insurance proceeds. - (2) Trust provisions authorized by this section shall in no...
Section 732.245 - Home office; records, assets; unlawful removal; rules. - (2) Every domestic insurer shall have and maintain the domestic...
Section 732.250 - Continuity of management in event of national emergency. - (2) The board of directors of any domestic insurer may...
Section 732.320 - Supporting documents for expenditures. - (1) A voucher signed by or on behalf of the...
Section 732.325 - Certain transactions and compensation between insurers and directors, trustees, officers, agents or employees prohibited; other prohibited conduct. - (a) The planning, preparing or executing of an activity described...
Section 732.415 - Stock insurer’s proxies; regulation by director; rules. - (2) Such stockholders and policyholders shall be provided with adequate...
Section 732.420 - "Equity security" defined; rules. - (1) Any stock or similar security; (2) Any security convertible,...
Section 732.425 - Application of insider trading regulation. - (1) Such securities are registered, or are required to be...
Section 732.435 - Suit to recover insider profits; exempted transactions; rules. - (2) This section shall not be construed to cover any...
Section 732.440 - Prohibited sales of securities. - (a) Does not own the security sold; or (b) If...
Section 732.445 - Establishing or maintaining primary or secondary market in securities; rules. - (2) The Director of the Department of Consumer and Business...
Section 732.465 - Members of domestic mutual insurers. - (2) Each owner of one or more valid and existing...
Section 732.470 - Voting rights of members of mutual insurer. - (2) The member under a group policy shall have but...
Section 732.475 - Members’ meetings and procedures of domestic mutual and reciprocal insurers. - (1) Unless the notice of the meeting is by personal...
Section 732.480 - Copy of bylaws of domestic mutual insurer to be provided to director; provisions of bylaws. - (1) Any breach of the director’s duty of loyalty to...
Section 732.518 - Definitions for ORS 732.517 to 732.546. - (1) "Acquiring party" means a person that acquires or attempts...
Section 732.521 - Activities that are prohibited unless specified procedures followed; exceptions; notice of divestiture. - (a) A person other than the person that issues voting...
Section 732.523 - Procedure for acquiring controlling interest of capital stock; filing of statement; contents; request for hearing. - (a) File a statement of acquisition that has the information...
Section 732.526 - Hearing on proposed activity; notice. - (2) The hearing must be held at a time and...
Section 732.527 - Approval of acquisition by chief insurance regulatory officials of two or more jurisdictions; hearing. - (2) A chief insurance regulatory official of another state may...
Section 732.528 - Approval of proposed activity; grounds for refusing approval. - (a) The activity is contrary to law or would result...
Section 732.529 - Procedures following approval by director of proposed activity. - (2) A notice of the meeting at which the proposed...
Section 732.531 - Acquisition of assets or insurance of mutual or reciprocal insurers. - (2) A member of a domestic mutual insurer or a...
Section 732.536 - Compliance with foreign or alien laws. - (2) If a foreign or alien insurer or other party...
Section 732.537 - Application of ORS 732.527, 732.539, 732.542 and 732.544 to change of control of insurer; exemptions. - (2) Except as provided in subsection (3) of this section,...
Section 732.538 - Effect of merger or consolidation. - (a) The several insurers and other parties to the plan...
Section 732.539 - Notification of acquisition; confidentiality; order; rules; required information; waiting period. - (b) A person that completes an acquisition without notifying the...
Section 732.542 - Monopoly or substantial diminishment of competition; director’s order; prima facie and substantial evidence; determination of scope and extent of market. - (a) "Highly concentrated market" means a market in which the...
Section 732.544 - Director’s order; effect; requirements for issuing; penalties. - (b) An order issued under paragraph (a) of this subsection...
Section 732.547 - Remedies for violation of ORS 732.517 to 732.546. - (2) No security that is the subject of any agreement...
Section 732.548 - Definitions for ORS 732.517 to 732.596. - (1) "Affiliate" means a person that directly or indirectly, through...
Section 732.549 - Subsidiaries. - (2) If an insurer ceases to control a subsidiary, the...
Section 732.551 - Registration of insurer members of holding company systems. - (a) This section, ORS 732.552, 732.553 and 732.554; (b) ORS...
Section 732.552 - Registration statement; form; contents. - (a) The capital structure, general financial condition, ownership and management...
Section 732.566 - Exemption from ORS 732.517 to 732.596 by director. - (2) ORS 732.521, 732.523, 732.526 and 732.528 do not apply...
Section 732.568 - Disclaimer of affiliation; contents; subsequent duty to register; disallowance of disclaimers by director. - (2) After the person, insurer or member files a disclaimer,...
Section 732.571 - Supervisory college for domestic insurer; purpose; director’s powers; payment of expenses. - (A) Registered under ORS 732.551; and (B) Part of an...
Section 732.574 - Standards for transactions within holding company; notice. - (a) The terms must be fair and reasonable. (b) Charges...
Section 732.576 - Dividends and distributions. - (2)(a) A domestic insurer subject to registration may not pay...
Section 732.578 - Liability of officers and directors of insurer that is subject to registration; allowance for common management; qualifications of directors; exemptions; waiver. - (2) This section does not preclude a domestic insurer from...
Section 732.584 - Examinations; penalty; costs. - (b) In examining the insurer’s financial condition, the director may...
Section 732.586 - Confidentiality of information; permitted disclosures. - (2) All information reported in accordance with ORS 732.552, 732.554,...
Section 732.588 - Supervision, rehabilitation or liquidation. - (2) If the director determines that a person’s violation of...
Section 732.592 - Recovery from parent corporation or holding company if domestic insurer ordered into liquidation or rehabilitation. - (2) A distribution to which subsection (1) of this section...
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... - (a) Act, in accordance with the provisions of this section,...
Section 732.600 - Definitions for ORS 732.600 to 732.630. - (1) "Conversion" means a process by which a domestic mutual...
Section 732.602 - Intent of ORS 732.600 to 732.630. - (1) Adopt any other type of organizational structure, including a...
Section 732.604 - Permissible actions of domestic mutual insurer; rules. - (a) A conversion to a domestic stock insurer; or (b)...
Section 732.606 - Plan for conversion or reorganization; documents filed; approval by director and members. - (2) After the board of directors of a mutual insurer...
Section 732.608 - Waiver of requirements of ORS 732.606. - (1) The director determines that a domestic mutual insurer is...
Section 732.610 - Contents of plan. - (1) A statement of the reasons for the proposed action....
Section 732.611 - Eligible member of domestic mutual insurer or mutual holding company; record date. - (b) For purposes of this subsection, the record date is...
Section 732.612 - Consideration for membership interest in converting or reorganizing mutual insurer; kinds of consideration; allocation of consideration. - (a) Nontransferable subscription rights to purchase shares of capital stock...
Section 732.614 - Effect of conversion. - (2) A converting mutual insurer becomes a stock insurer on...
Section 732.616 - Reorganization involving organization of stock holding company; subsidiaries. - (2) The stock holding company and any direct or indirect...
Section 732.618 - Reorganization involving organization of mutual holding company; subsidiaries. - (2) The articles of incorporation of the mutual holding company...
Section 732.620 - Status of mutual holding company as corporation; status as insurer; rights and obligations of members; voting; articles of incorporation. - (2) In applying ORS chapter 60 as provided in this...
Section 732.622 - Restructuring of mutual holding company. - (2) In order to restructure a mutual holding company, the...
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. - (2) At any time before approval of a plan by...
Section 732.626 - Plan review and approval; general provisions. - (a) The applicable provisions of ORS 732.600 to 732.630, and...
Section 732.628 - Limitations on ownership of shares in companies resulting from conversion, reorganization or restructuring. - (2) Except as otherwise provided in ORS 732.600 to 732.630,...
Section 732.630 - Dissenters’ rights; action challenging validity of conversion, reorganization or restructuring. - (2) An action challenging the validity of or arising from...
Section 732.650 - Definitions. - (1) "Corporate governance annual disclosure" means a report that an...
Section 732.653 - Scope; requirements and guidance. - (a) Requirements for maintaining a risk management framework and completing...
Section 732.656 - Risk management framework. - Note: See note under 732.650.
Section 732.659 - Own risk and solvency assessment in accordance with manual. - (2) A change in the Own Risk and Solvency Assessment...
Section 732.662 - Own risk and solvency summary report; attestation. - (2) The insurer’s or insurance group’s chief risk officer, or...
Section 732.666 - Exemptions; director’s requirements. - (a) The insurer has annual direct written and unaffiliated assumed...
Section 732.669 - Documentation and supporting information; director’s review. - (2) The director shall review an own risk and solvency...
Section 732.672 - Confidentiality; permissible disclosures; agreement with National Association of Insurance Commissioners. - (2) Notwithstanding subsection (1) of this section, the director may:...
Section 732.680 - Submission of corporate governance annual disclosure; determination of lead state; signature and attestation; level of disclosure permitted; review; rules. - (2) The chief executive officer or corporate secretary of an...
Section 732.683 - Discretion as to form and content of responses to inquiries in corporate governance annual disclosure; documentation and supporting information. - (2) Notwithstanding the discretion permitted to an insurer or insurance...
Section 732.686 - Maintenance of confidentiality and privilege; permitted disclosures; waivers. - (A) Disclosure under ORS 192.311 to 192.478; (B) Subpoena; or...
Section 732.689 - Retention of consultant to assist director’s review of corporate governance annual disclosure; consultant’s qualifications and duties; agreement with consultant. - (b) A consultant that the director retains under paragraph (a)...
Section 732.810 - Definitions for ORS 732.810 to 732.814. - (1) "Control" has the meaning given that term in ORS...
Section 732.811 - Application of ORS 732.810 to 732.814. - (a) Domiciled in this state; or (b) Domiciled in a...
Section 732.812 - Filing of financial statements; contract requirements; audit; reports to director. - (2) Subsections (4) to (7) of this section apply to...
Section 732.813 - Notice to prospective insured. - Note: See note under 732.810.
Section 732.814 - Authority of director over controlling producer and controlled insurer. - (2) If the director finds that the controlled insurer or...
Section 732.820 - Interstate Insurance Product Regulation Compact. - ______________________________________________________________________________ ARTICLE I PURPOSE The purposes of this compact are,...
Section 732.825 - State member of Interstate Insurance Product Regulation Commission. - Note: See note under 732.820.