Oregon Code § 735.015·Enacted ·Last updated March 01, 2026
Statute Text
Purpose.
The
purpose of ORS 735.005 to 735.145 is:
(1) To assure
stability in the property insurance market for certain property located in this
state.
(2) To assure the
availability of essential property insurance to the owners of insurable
property.
(3) To encourage
maximum use, in obtaining essential property insurance, of the normal insurance
market provided by authorized insurers.
(4) To provide
for the equitable distribution among authorized insurers of the responsibility
for insuring certain insurable property for which essential property insurance
cannot be obtained through the normal insurance market by the establishment of
the Oregon FAIR Plan Association. [1971 c.321 §2]
Plain English Explanation
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Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 735.015
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
This section of Oregon law addresses Purpose. 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 § 735.015. Use this format in legal documents and court filings.
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