Oregon Code § 732.235·Enacted ·Last updated March 01, 2026
Statute Text
Voluntary dissolution of insurer.
(1) No insurer may be dissolved voluntarily until the Director of the
Department of Consumer and Business Services has approved a plan for
liquidation of the insurers assets and obligations. The preparation and
approval of such plan shall follow the provisions of ORS 732.517 to 732.546.
(2) The plan of
dissolution must provide for reinsurance of substantially all insurance in
force of the insurer in accordance with the provisions of ORS 731.512.
(3) The director
shall require that the plan of dissolution provide adequate reserves in trust
or otherwise for satisfaction of all obligations of the insurer. [1967 c.359 §170;
1993 c.447 §107]
Plain English Explanation
This Oregon statute addresses Voluntary dissolution of insurer. AI-powered analysis coming soon.
Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 732.235
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
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