There Is a Newer Version of the Oregon Revised Statutes
2015 Oregon Revised Statutes
Volume : 16 - Financial Institutions, Insurance
Chapter 732 - Organization and Corporate Procedures of Domestic Insurers; Regulation of Insurers Generally
GENERAL PROVISIONSORGANIZATION- Section 732.015 - Permit to organize insurer required.
- Section 732.020
- Section 732.025 - Application for permit to organize stock insurer; rules.
- Section 732.030
- Section 732.035 - Application for permit to organize insurer without capital stock.
- Section 732.040
- Section 732.045 - Investigation of applications to organize insurers.
- Section 732.050
- Section 732.055 - Approval or disapproval of application for permit.
- Section 732.060
- Section 732.065 - Reporting of changes in information in application.
- Section 732.070
- Section 732.075 - Revoking or suspending permit to organize insurer.
- Section 732.080
- Section 732.085 - Incorporators.
- Section 732.090
- Section 732.095 - Articles of incorporation.
- Section 732.100
- Section 732.105 - Filing articles of incorporation and surety bond, letter of credit or deposit.
- Section 732.110
- Section 732.115 - Approval of articles, documents and bond, letter of credit or deposit; certificate of incorporation.
- Section 732.120
- Section 732.125 - Registration of securities subsequent to issuance of organization permit and certificate of incorporation.
- Section 732.130
- Section 732.135 - Soliciting subscriptions and applications.
- Section 732.140
- Section 732.145 - Stipulations required in subscriptions and applications; disposition of subscribed funds.
- Section 732.150
- Section 732.155 - Organization to be completed within two years; policies to be issued within one year of certification.
- Section 732.160
- Section 732.165 - Liability of directors and incorporators.
- Section 732.175 - Liability for acting as corporate insurer without authority.
- Section 732.205 - General powers of insurers.
- Section 732.210 - Assertion of lack of capacity or power.
- Section 732.215 - Management contracts prohibited.
- Section 732.220 - Exclusive agency contracts.
- Section 732.225 - Impairment of required capitalization prohibited; rules.
- Section 732.230 - Order to cure impairment; confidentiality of order.
- Section 732.235 - Voluntary dissolution of insurer.
- Section 732.240 - Trusts of life insurance proceeds.
- Section 732.245 - Home office; records, assets; unlawful removal; rules.
- Section 732.250 - Continuity of management in event of national emergency.
- Section 732.305 - Board of directors; qualifications.
- Section 732.310
- Section 732.315
- Section 732.320 - Supporting documents for expenditures.
- Section 732.325 - Certain transactions and compensation between insurers and directors, trustees, officers, agents or employees prohibited; other prohibited conduct.
- Section 732.405 - Authorized shares.
- Section 732.410 - Right to acquire own shares.
- Section 732.415 - Stock insurer’s proxies; regulation by director; rules.
- Section 732.420 - "Equity security" defined; rules.
- Section 732.425 - Application of insider trading regulation.
- Section 732.430 - Filing statement of security ownership with director; rules.
- Section 732.435 - Suit to recover insider profits; exempted transactions; rules.
- Section 732.440 - Prohibited sales of securities.
- Section 732.445 - Establishing or maintaining primary or secondary market in securities; rules.
- Section 732.450 - Arbitrage transactions exempt; rules.
- Section 732.455 - Rules.
- Section 732.460 - Annual report to shareholders or members; rules.
- Section 732.465 - Members of domestic mutual insurers.
- Section 732.470 - Voting rights of members of mutual insurer.
- Section 732.475 - Members’ meetings and procedures of domestic mutual and reciprocal insurers.
- Section 732.480 - Copy of bylaws of domestic mutual insurer to be provided to director; provisions of bylaws.
- Section 732.505
- Section 732.510
- Section 732.515
- Section 732.517 - Purpose of ORS 732.517 to 732.546.
- Section 732.518 - Definitions for ORS 732.517 to 732.546.
- Section 732.520
- Section 732.521 - Activities that are prohibited unless specified procedures followed; exceptions; notice of divestiture.
- Section 732.522
- Section 732.523 - Procedure for acquiring controlling interest of capital stock; filing of statement; contents; request for hearing.
- Section 732.525
- Section 732.526 - Hearing on proposed activity; notice.
- Section 732.527 - Approval of acquisition by chief insurance regulatory officials of two or more jurisdictions; hearing.
- Section 732.528 - Approval of proposed activity; grounds for refusing approval.
- Section 732.529 - Procedures following approval by director of proposed activity.
- Section 732.530
- Section 732.531 - Acquisition of assets or insurance of mutual or reciprocal insurers.
- Section 732.533 - Statement of acquisition.
- Section 732.535
- Section 732.536 - Compliance with foreign or alien laws.
- Section 732.537 - Application of ORS 732.527, 732.539, 732.542 and 732.544 to change of control of insurer; exemptions.
- Section 732.538 - Effect of merger or consolidation.
- Section 732.539 - Notification of acquisition; confidentiality; order; rules; required information; waiting period.
- Section 732.540
- Section 732.541 - Jurisdiction over person obtaining or attempting to obtain control.
- Section 732.542 - Monopoly or substantial diminishment of competition; director’s order; prima facie and substantial evidence; determination of scope and extent of market.
- Section 732.543
- Section 732.544 - Director’s order; effect; requirements for issuing; penalties.
- Section 732.545
- Section 732.546 - Severability.
- Section 732.547 - Remedies for violation of ORS 732.517 to 732.546.
- Section 732.548 - Definitions for ORS 732.517 to 732.592.
- Section 732.549 - Subsidiaries.
- Section 732.550
- Section 732.551 - Registration of insurer members of holding company systems.
- Section 732.552 - Registration statement; form; contents.
- Section 732.553 - Certain information not required to be disclosed.
- Section 732.554 - Changes in registration information; reports of distributions to shareholders.
- Section 732.555
- Section 732.556 - Requirement that certain persons provide information to insurers.
- Section 732.558 - Termination of registration by director.
- Section 732.560
- Section 732.562 - Consolidated registration.
- Section 732.564 - Registration for affiliated insurers.
- Section 732.565
- Section 732.566 - Exemption from ORS 732.517 to 732.592 by director.
- Section 732.567 - Presumption of control; rebuttal; hearing.
- Section 732.568 - Disclaimer of affiliation; contents; subsequent duty to register; disallowance of disclaimers by director.
- Section 732.569 - Annual enterprise risk report; contents; rules.
- Section 732.570
- Section 732.571 - Supervisory college for domestic insurer; purpose; director’s powers; payment of expenses.
- Section 732.572 - Rulemaking authority for ORS 732.517 to 732.592.
- Section 732.574 - Standards for transactions within holding company; notice.
- Section 732.575
- Section 732.576 - Dividends and distributions.
- Section 732.578 - Liability of officers and directors of insurer that is subject to registration; allowance for common management; qualifications of directors; exemptions; waiver.
- Section 732.580
- Section 732.582 - Determination of reasonableness and adequacy of capital and surplus.
- Section 732.584 - Examinations; penalty; costs.
- Section 732.585
- Section 732.586 - Confidentiality of information; permitted disclosures.
- Section 732.588 - Supervision, rehabilitation or liquidation.
- Section 732.590
- Section 732.592 - Recovery from parent corporation or holding company if domestic insurer ordered into liquidation or rehabilitation.
- Section 732.595
- Section 732.597
- Section 732.598
- Section 732.599
- Section 732.600 - Definitions for ORS 732.600 to 732.630.
- Section 732.602 - Intent of ORS 732.600 to 732.630.
- Section 732.604 - Permissible actions of domestic mutual insurer; rules.
- Section 732.605
- Section 732.606 - Plan for conversion or reorganization; documents filed; approval by director and members.
- Section 732.608 - Waiver of requirements of ORS 732.606.
- Section 732.610 - Contents of plan.
- Section 732.611 - Eligible member of domestic mutual insurer or mutual holding company; record date.
- Section 732.612 - Consideration for membership interest in converting or reorganizing mutual insurer; kinds of consideration; allocation of consideration.
- Section 732.614 - Effect of conversion.
- Section 732.615
- Section 732.616 - Reorganization involving organization of stock holding company; subsidiaries.
- Section 732.618 - Reorganization involving organization of mutual holding company; subsidiaries.
- Section 732.620 - Status of mutual holding company as corporation; status as insurer; rights and obligations of members; voting; articles of incorporation.
- Section 732.622 - Restructuring of mutual holding company.
- Section 732.624 - Approval by Director of Department of Consumer and Business Services of mutual holding company restructuring plan; approval by members; effect of restructuring.
- Section 732.625
- Section 732.626 - Plan review and approval; general provisions.
- Section 732.628 - Limitations on ownership of shares in companies resulting from conversion, reorganization or restructuring.
- Section 732.630 - Dissenters’ rights; action challenging validity of conversion, reorganization or restructuring.
- Section 732.635
- Section 732.645
- Section 732.650 - Definitions.
- Section 732.653 - Scope; requirements and guidance.
- Section 732.655
- Section 732.656 - Risk management framework.
- Section 732.659 - Own risk and solvency assessment in accordance with manual.
- Section 732.662 - Own risk and solvency summary report; attestation.
- Section 732.665
- Section 732.666 - Exemptions; director’s requirements.
- Section 732.669 - Documentation and supporting information; director’s review.
- Section 732.672 - Confidentiality; permissible disclosures; agreement with National Association of Insurance Commissioners.
- Section 732.675
- Section 732.685
- Section 732.695
- Section 732.705
- Section 732.810 - Definitions for ORS 732.810 to 732.814.
- Section 732.811 - Application of ORS 732.810 to 732.814.
- Section 732.812 - Filing of financial statements; contract requirements; audit; reports to director.
- Section 732.813 - Notice to prospective insured.
- Section 732.814 - Authority of director over controlling producer and controlled insurer.
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.
