The purpose of ORS 734.510 to 734.710 is to provide for the payment of covered claims under certain insurance policies to avoid excessive delay in payment and to avoid financial loss to claimants or policyholders because of the insolvency of an insurer, to assist in the detection and prevention of insurer insolvencies, to provide an association to assess the cost of such protection among insurers and to assist in the liquidation of insurers as provided in this chapter.
ORS 734.520
Known as the Oregon Life and Health Insurance Guaranty Association Act
The act spans §§ 734–734 (107 sections).
Applied in 10 court decisions — leading case 122 Wash. 2d 536 - Stamp v. Department of Labor & Industries (1993)
Most recently applied in 206 Or. App. 102 - Liberty Northwest Insurance v. Oregon Insurance Guarantee Ass'n (May 2006)
1971 c.616 §2
How often courts cite this section
Court decisions citing this, by year. The dip in the last several years is a data-coverage gap, not a real trend — our corpus holds fewer opinions from the most recent years, so recent citations are undercounted.
Official source: Oregon State Legislature. Reproduced from public-domain Oregon statutes; confirm against the official source for the current text. Not legal advice.