Oregon Revised Statutes Chapter 734 § 734.160 — Order
Oregon Revised Statutes Chapter 734 ·
Oregon Code § 734.160·Enacted ·Last updated March 01, 2026
Statute Text
Order
of rehabilitation for domestic insurers.
(1) An order to rehabilitate a domestic insurer shall
direct the Director of the Department of Consumer and Business Services
forthwith to take possession of the property of the insurer and to conduct the
business thereof, and to take such steps toward removal of the causes and
conditions which have made rehabilitation necessary as the court may direct.
(2) If at any
time the director deems that further efforts to rehabilitate the insurer would
be useless, the director may apply to the court for an order of liquidation
under ORS 734.180.
(3) The director,
or any interested person upon due notice to the director, at any time may apply
for an order terminating the rehabilitation proceeding and permitting the
insurer to resume possession of its property and the conduct of its business,
but no such order shall be granted except after a full hearing. [1967 c.359 §270]
Plain English Explanation
This Oregon statute addresses Order
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Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 734.160
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
This section of Oregon law addresses Order
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