The purpose of ORS 735.005 to 735.145 is:
(1) To assure stability in the property insurance market for certain property located in this state.
(2) To assure the availability of essential property insurance to the owners of insurable property.
(3) To encourage maximum use, in obtaining essential property insurance, of the normal insurance market provided by authorized insurers.
(4) To provide for the equitable distribution among authorized insurers of the responsibility for insuring certain insurable property for which essential property insurance cannot be obtained through the normal insurance market by the establishment of the Oregon FAIR Plan Association.