Oregon Revised Statutes Chapter 731 § 731.644 — Payment of losses out of deposits, generally
Oregon Revised Statutes Chapter 731 ·
Oregon Code § 731.644·Enacted ·Last updated March 01, 2026
Statute Text
Payment of losses out of deposits, generally.
(1) Except as otherwise provided in the Insurance
Code, no judgment creditor or other claimant of an insurer shall have the right
to levy upon any of the assets or securities of the insurer held on deposit in
this state.
(2) As to
deposits made in this state pursuant to ORS 731.854, levy thereupon shall be
permitted only if expressly so provided in the order of the Director of the
Department of Consumer and Business Services under which the deposit is
required. [1967 c.359 §122]
Plain English Explanation
This Oregon statute addresses Payment of losses out of deposits, generally. AI-powered analysis coming soon.
Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 731.644
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
This section of Oregon law addresses Payment of losses out of deposits, generally. Read the full statute text above for details.
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The formal citation is Oregon Code § 731.644. Use this format in legal documents and court filings.
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