Oregon Revised Statutes Chapter 732 § 732.155 — Organization to be completed within two years; policies to be issued within one
Oregon Revised Statutes Chapter 732 ·
Oregon Code § 732.155·Enacted ·Last updated March 01, 2026
Statute Text
Organization to be completed within two years; policies to be issued within one
year of certification.
(1) If the Director of the Department of Consumer and Business Services finds
that any domestic insurer has not completed its organization and qualified for
a certificate of authority within two years from the date of filing its
articles of incorporation, the director may order the application abandoned and
close the files in which event its corporate powers shall expire and the
director shall proceed as for an impaired insurer.
(2) If any
domestic insurer does not commence to issue policies within one year from the
date of receiving its certificate of authority, the director shall proceed as
for an impaired insurer. [1967 c.359 §161]
Plain English Explanation
This Oregon statute addresses Organization to be completed within two years; policies to be issued within one
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Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 732.155
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
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