Oregon Code § 732.608·Enacted ·Last updated March 01, 2026
Statute Text
Waiver
of requirements of ORS 732.606.
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]
Plain English Explanation
This Oregon statute addresses Waiver
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Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 732.608
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
This section of Oregon law addresses Waiver
. Read the full statute text above for details.
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The formal citation is Oregon Code § 732.608. Use this format in legal documents and court filings.
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