Known as the Oregon Life and Health Insurance Guaranty Association Act
The act spans §§ 734–734 (107 sections).
Applied in 1 court decision — leading case State Ex Rel. Neidig v. Superior National Insurance (2007)
Most recently applied in State Ex Rel. Neidig v. Superior National Insurance (November 2007)
1967 c.359 §273; 1993 c.447 §98
The Director of the Department of Consumer and Business Services may apply for an order directing the director to conserve the assets within this state of a foreign or alien insurer upon any one or more of the following grounds:
(1) Any of the grounds specified in ORS 734.150; or
(2) That its property has been sequestrated in any jurisdiction.
Official source: Oregon State Legislature. Reproduced from public-domain Oregon statutes; confirm against the official source for the current text. Not legal advice.