2011 Oregon Revised Statutes
ORS Volume 16, Chapters 705 - 752
ORS Chapter 732
732.518 Definitions for ORS 732.517 to 732.546.
As used in ORS 732.517 to 732.546:
(1) Acquiring party means each person by whom or on whose behalf an acquisition of control referred to in ORS 732.521 (1)(a), a merger or other acquisition of control referred to in ORS 732.521 (1)(b) or an activity referred to in ORS 732.521 (1)(c) is to be effected. The term includes any intermediary or subsidiary corporation or insurer who acquires or holds, directly or indirectly, the assets or voting securities or assumes the liabilities of an insurer or other corporation.
(2) A domestic insurer includes any person controlling a domestic insurer.
(3) Person does not include any securities broker holding, in the usual and customary broker s function, less than 20 percent of the voting securities of an insurer or of any person that controls an insurer.
(4) A significant portion means, when acquired in one transaction or in a related or integrated series of transactions, within any 12 consecutive month period, 10 percent or more of the following:
(a) The assets of the insurer; or
(b) The insurance or a major class of insurance in force of the insurer. [1993 c.447 26]
Disclaimer: These codes may not be the most recent version. Oregon may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
