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Oregon Revised Statutes

Oregon Insurance Guaranty Association

Oregon Insurance Guaranty Association

734.510Definitions for ORS 734.510 to 734.710 734.520Purpose 734.530Construction 734.540Application 734.550Oregon Insurance Guaranty Association; all insurers required to be members; formation of operating plan 734.555Application to association of certain laws governing corporations; exception 734.560Association board of directors; terms; vacancies; compensation and expenses; quorum 734.570Duties and functions of association 734.575Refunds from association deposited in General Fund 734.579Recoupment assessments; rules 734.580Discretionary functions of association 734.590Plan of operation; submission to director; rules 734.600Contents of plan of operation 734.610Notification to association of insurer insolvency; furnishing association with premium information 734.620Notification of insolvency to insured persons; revocation of designation of servicing facility 734.630Assignment of claim rights; filing statements of paid claims; effect of claim settlements 734.635Disbursing assets of insolvent insurer to association; court approval; notice to other states 734.640Exhaustion of coverage under policy before making claim against association; priority of claims 734.645Liability of Oregon Insurance Guaranty Association when member insurer is subject to liquidation after assuming sole responsibility for insurance policy that other member issued; exception 734.650Notifying director of impaired insurers; examination; reports on impaired insurers 734.660Regulation of association as insurer 734.670Exemption of association from payment of fees and taxes 734.690Immunity from legal action 734.695Liability of insured of insolvent insurer 734.700Defense of claims on default of insolvent insurer 734.710Administration of delinquency proceeding claims and expenses; application of ORS 734.014, 734.026 and 734.110 to 734.440 to insurers