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2025 Oregon Revised Statutes
Volume : 18 - Financial Institutions, Insurance
Chapter 732 - Organization and Corporate Procedures of Domestic Insurers; Regulation of Insurers Generally
Section 732.608 - Waiver of requirements of ORS 732.606.
Universal Citation:
OR Rev Stat § 732.608 (2025)
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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. [1997 c.771 §16]
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