Oregon Code § 735.220·Enacted ·Last updated March 01, 2026
Statute Text
Formation of joint underwriting association; funds.
After finding under ORS 735.215
that there is a need in Oregon for a joint underwriting association, the
Director of the Department of Consumer and Business Services may form and put
into operation a temporary, nonprofit, nonexclusive joint underwriting
association constituting a legal entity separate and distinct from its members
for commercial liability insurance subject to the conditions and limitations
contained in the Insurance Code. All funds and reserves of the association
shall be separately held and invested. [1987 c.774 §77]
Plain English Explanation
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Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 735.220
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
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