{"data":{"id":"us-or/ors-732.608","jurisdiction":"us-or","citation":"ORS 732.608","heading":"Waiver of requirements of ORS 732.606.","body":"The Director of the Department of Consumer and Business Services may waive the requirements of ORS 732.606 if:\n      (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\n      (2) The director determines that the transfer of the policies is in the best interests of the policyholders.","path":["18 - Financial Institutions, Insurance","56. Insurance","Chapter 732 — Organization and Corporate Procedures of Domestic Insurers; Regulation of Insurers Generally"],"source_url":"https://www.oregonlegislature.gov/bills_laws/ors/ors732.html","current_through":"2025 Edition","vintage":"","retrieved_at":"2026-09-03T23:50:17Z","sha256":"cbfed833954d9d76557e8f559156cc8d148e66133740d11d10e8f27b15201e59","source_id":"us-or","stale":false,"prev":"us-or/ors-732.606","next":"us-or/ors-732.610"},"notice":"GroundRules: Original legal text. Not legal advice."}