No offsets shall be allowed in cases of mutual debts or mutual credits between the insurer and another person in connection with any domestic delinquency proceeding under this chapter, except for cases of policy loans and cases of reinsurance and except for insurance producers’ balances, excluding unearned return commissions.
ORS 734.370
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 79 Or. App. 574 - Ainsworth v. Cincotta (1986)
Most recently applied in 79 Or. App. 574 - Ainsworth v. Cincotta (June 1986)
1967 c.359 §291; 1989 c.425 §14; 2003 c.364 §86
Official source: Oregon State Legislature. Reproduced from public-domain Oregon statutes; confirm against the official source for the current text. Not legal advice.