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Section 734.014 - Definitions. - (1) "Delinquency proceeding" means any proceeding commenced against an insurer...
Section 734.026 - "Domiciliary," "ancillary" and "reciprocal state" defined. - (1) "Domiciliary state" means the state in which an insurer...
Section 734.043 - Supervision of insurer; order; consequences; insurer remedies. - (a) A domestic insurer; or (b) A foreign or alien...
Section 734.047 - Time for correction of condition leading to order of supervision. - (2) If the director determines that the conditions giving rise...
Section 734.059 - Request for court order. - (a) Authorizes the director to seize all or part of...
Section 734.063 - Court order; hearings; notice. - (2) On motion of the director or the insurer against...
Section 734.067 - Review of court order. - (2) Not later than the 15th day after the court...
Section 734.110 - Jurisdiction of delinquency proceedings; venue. - (2) The venue of delinquency proceedings and proceedings under ORS...
Section 734.113 - Application of Oregon Receivership Code. - Note: 734.113 was added to and made a part of...
Section 734.120 - Exclusive remedy; appeal. - (2) An appeal shall lie to the Court of Appeals...
Section 734.130 - Commencement of delinquency proceeding. - (2) The application shall be by petition, verified by the...
Section 734.140 - Injunctions. - (2) The court may, at any time during a proceeding...
Section 734.142 - Cooperation with director in delinquency proceedings. - (a) Replying promptly in writing to any inquiry from the...
Section 734.144 - Immunity of certain persons from civil liability. - (a) All receivers responsible for the conduct of a delinquency...
Section 734.150 - Grounds for rehabilitation of domestic insurers. - (1) The insurer is impaired. (2) The insurer has failed...
Section 734.160 - Order of rehabilitation for domestic insurers. - (2) If at any time the director deems that further...
Section 734.170 - Grounds for liquidation of domestic insurers. - (1) Has ceased transacting business for a period of one...
Section 734.180 - Order of liquidation of domestic insurers. - (2) The director may apply under this chapter for an...
Section 734.190 - Grounds for conservation of foreign and alien insurers. - (1) Any of the grounds specified in ORS 734.150; or...
Section 734.200 - Conservation or ancillary receivership of foreign and alien insurers. - (2) Whenever a domiciliary receiver has been appointed for any...
Section 734.210 - Conduct of delinquency proceedings for domestic insurers. - (2) Any deed or other instrument executed under this chapter...
Section 734.220 - Powers of director as receiver. - (2) Upon taking such possession of the property and business...
Section 734.240 - Conduct of delinquency proceedings for foreign insurers. - (a) If the director finds that there are sufficient assets...
Section 734.260 - Claims of nonresidents against domestic insurers. - (2) Controverted claims belonging to claimants residing in reciprocal states...
Section 734.270 - Claims of residents against foreign insurers. - (2) Controverted claims belonging to claimants residing in this state...
Section 734.280 - Form of claim; notice; hearing. - (2) All claims filed in this state shall be filed...
Section 734.290 - Priority of preferred claims. - (2) In a delinquency proceeding against an insurer domiciled in...
Section 734.350 - Voidable transfers. - (2) Every director, officer, employee, stockholder, member, subscriber, and any...
Section 734.360 - Preference of claims. - (1) Expenses of administration of the delinquency proceedings and expenses...
Section 734.380 - Allowance of certain claims. - (a) If the claim is a contingent claim against the...
Section 734.390 - Time to file claims. - (2) Proofs of claims may be filed subsequent to the...
Section 734.400 - Report for assessment; domestic mutual and reciprocal insurers. - (1) The reasonable value of the assets of the insurer;...
Section 734.410 - Levy of assessment; domestic mutual and reciprocal insurers. - (2) Such assessment or assessments shall cover the excess of...
Section 734.430 - Publication and transmittal of assessment order. - (1) Published in such manner as shall be directed by...
Section 734.440 - Judgment upon assessment. - (2) If on such return day the member or subscriber...
Section 734.510 - Definitions for ORS 734.510 to 734.710. - (1) "Association" means the Oregon Insurance Guaranty Association created by...
Section 734.560 - Association board of directors; terms; vacancies; compensation and expenses; quorum. - (2) In making or approving selections to the board, the...
Section 734.570 - Required functions of association. - (1) Be obligated to pay covered claims existing at the...
Section 734.579 - Recoupment assessments; rules. - (2) Each member insurer shall annually certify to the Director...
Section 734.580 - Discretionary functions of association. - (1) With the approval of the Director of the Department...
Section 734.590 - Plan of operation; submission to director; rules. - (2) If the association fails to submit a plan that...
Section 734.600 - Contents of plan of operation. - (1) Establish procedures for the submission, processing and payment of...
Section 734.610 - Notification to association of insurer insolvency; furnishing association with premium information. - (1) Notify the Oregon Insurance Guaranty Association of the insolvency...
Section 734.620 - Notification of insolvency to insured persons; revocation of designation of servicing facility. - (1) Require the Oregon Insurance Guaranty Association to notify the...
Section 734.630 - Assignment of claim rights; filing statements of paid claims; effect of claim settlements. - (2) Periodically the association shall file with the receiver statements...
Section 734.635 - Disbursing assets of insolvent insurer to association; court approval; notice to other states. - (2) A proposal made by a receiver under subsection (1)...
Section 734.640 - Claim priority. - (2) Any person who has a claim that may also...
Section 734.650 - Notifying director of impaired insurers; examination; reports on impaired insurers. - (2) The board may request the director to examine any...
Section 734.695 - Liability of insured of insolvent insurer. - (2) Notwithstanding the provisions of subsection (1) of this section,...
Section 734.700 - Defense of claims on default of insolvent insurer. - (2) If any covered claim arises from a judgment based...
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. - (2) Except as otherwise provided in ORS 734.510 to 734.710,...
Section 734.760 - Definitions for ORS 734.750 to 734.890. - (1) "Account" means one of the three accounts created under...
Section 734.770 - Purpose. - (1) An association of insurers is created to enable the...
Section 734.790 - Application. - (a) To a person who is a resident, if the...
Section 734.800 - Oregon Life and Health Insurance Guaranty Association; required members; required accounts. - (a) The health insurance account, composed of the following subaccounts:...
Section 734.805 - Association board of directors; terms; selection; vacancies; compensation and expenses. - (2) In approving selections or in appointing members to the...
Section 734.810 - Duties and powers of association; termination of obligations; limit of obligations. - (a) Guarantee, assume or reinsure, or cause to be guaranteed,...
Section 734.815 - Assessment of members; classes of assessments; amounts; refunds. - (2) There shall be two assessments, as follows: (a) Class...
Section 734.820 - Plan of operation; submission of amendments to director; rules; contents of plan. - (b) If the association fails to submit suitable amendments to...
Section 734.825 - Powers and duties of director. - (1) The Director of the Department of Consumer and Business...
Section 734.830 - Notifying director of impaired insurers; examination; reports on impaired insurers. - (1) The board of directors shall, upon majority vote, notify...
Section 734.835 - Assessments offset against tax liabilities; rate. - (2) Any sums acquired by refund pursuant to ORS 734.815...
Section 734.840 - Conduct of liquidation, rehabilitation or conservation proceeding involving impaired or insolvent insurer. - (2) Records shall be kept of all negotiations and meetings...