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2011 Oregon Revised Statutes
ORS Volume 16, Chapters 705 - 752
ORS Chapter 732
732.588 Supervision, rehabilitation or liquidation.


OR Rev Stat § 732.588 (through Leg Sess 2011) What's This?

If the Director of the Department of Consumer and Business Services determines that a violation by any person of any provision of ORS 732.517 to 732.592 so impairs the financial condition of a domestic insurer as to threaten insolvency or make the further transaction of business by it hazardous to its policyholders, creditors, shareholders or the public, the director may place the insurer under supervision or in rehabilitation or liquidation as provided in ORS chapter 734. [1993 c.447 53]

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