ORS 735.400 to 735.495 shall be liberally construed and applied to promote its underlying purposes which include:
(1) Protecting persons seeking insurance in this state;
(2) Permitting surplus lines insurance to be placed with reputable and financially sound nonadmitted insurers and exported from this state pursuant to ORS 735.400 to 735.495;
(3) Establishing a system of regulation which will permit orderly access to surplus lines insurance in this state and encourage admitted insurers to provide new and innovative types of insurance available to consumers in this state; and
(4) Protecting revenues of this state. [1987 c.774 §117]
Section: Previous 735.335 735.340 735.345 735.350 735.355 735.360 735.365 735.400 735.405 735.410 735.415 735.420 735.425 735.430 735.435 NextLast modified: August 7, 2008