Oregon Statutes - Chapter 734 - Rehabilitation, Liquidation and Conservation of Insurers - Section 734.400 - Report for assessment; domestic mutual and reciprocal insurers.

Within three years from the date an order of rehabilitation or liquidation of a domestic mutual insurer or a domestic reciprocal insurer was filed in the office of the clerk of the court by which such order was made, the Director of the Department of Consumer and Business Services may make a report to the court setting forth:

(1) The reasonable value of the assets of the insurer;

(2) The insurerís probable liabilities; and

(3) The probable necessary assessment, if any, to pay all claims and expenses in full, including expenses of administration. [1967 c.359 §294]

Section:  Previous  734.330  734.340  734.350  734.360  734.370  734.380  734.390  734.400  734.410  734.420  734.430  734.440  734.510  734.520  734.530  Next

Last modified: August 7, 2008