Oregon · Through 2025 Edition

ORS 732.608: Waiver of requirements of ORS 732.606.

Where this section sits in the code

18 - Financial Institutions, Insurance
56. Insurance
Chapter 732 — Organization and Corporate Procedures of Domestic Insurers; Regulation of Insurers Generally

The Director of the Department of Consumer and Business Services may waive the requirements of ORS 732.606 if:

(1) The director determines that a domestic mutual insurer is in hazardous financial condition according to standards established under ORS 731.385 or if a rehabilitation or liquidation proceeding or an administrative supervision proceeding has been instituted against the insurer; and

(2) The director determines that the transfer of the policies is in the best interests of the policyholders.

Collected 2026-09-03T23:50:17Z. Source file · JSON

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