Oregon Revised Statutes Chapter 734 § 734.840 — Conduct of liquidation, rehabilitation or conservation proceeding involving
Oregon Revised Statutes Chapter 734 ·
Oregon Code § 734.840·Enacted ·Last updated March 01, 2026
Statute Text
Conduct of liquidation, rehabilitation or conservation proceeding involving
impaired or insolvent insurer.
(1) Nothing in ORS 734.750 to 734.890 shall be construed to reduce the
liability for unpaid assessments of the insureds on an impaired or insolvent
insurer operating under a plan with assessment liability.
(2) Records shall
be kept of all negotiations and meetings in which the Oregon Life and Health
Insurance Guaranty Association or its representatives are involved to discuss
the activities of the association in carrying out its powers and duties under
ORS 734.810. Records of such negotiations or meetings shall be made public only
upon the termination of a liquidation, rehabilitation or conservation
proceeding involving the impaired or insolvent insurer, upon the termination of
the impairment or insolvency of the insurer, or upon the order of a court of
competent jurisdiction. Nothing in this subsection shall limit the duty of the
association to render a report of its activities under ORS 734.850.
(3) For the
purpose of carrying out its obligations under ORS 734.750 to 734.890, the
association shall be considered to be a creditor of the impaired or insolvent
insurer to the extent of assets attributable to covered policies reduced by any
amounts to which the association is entitled as subrogee pursuant to ORS
Plain English Explanation
This Oregon statute addresses Conduct of liquidation, rehabilitation or conservation proceeding involving
. AI-powered analysis coming soon.
Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 734.840
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
This section of Oregon law addresses Conduct of liquidation, rehabilitation or conservation proceeding involving
. Read the full statute text above for details.
This page reflects the current text as of our last update. Always verify with the official Oregon legislature website for the most current version.
The formal citation is Oregon Code § 734.840. Use this format in legal documents and court filings.
Browse related sections using the links below, or search all Oregon statutes on FlawFinder.