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Organization and Corporate Procedures of Domestic Insurers; Regulation of Insurers Generally
Law
Oregon Revised Statutes
Financial Institutions, Insurance
Organization and Corporate Procedures of Domestic Insurers; Regulation of Insurers Generally
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Section
732.005
Application of private corporation law; definitions.
Section
732.010
[Repealed by 1967 c.359 §704]
Section
732.015
Permit to organize insurer required.
Section
732.020
[Repealed by 1967 c.359 §704]
Section
732.025
Application for permit to organize stock insurer; rules.
Section
732.030
Section 732.030
Section
732.035
Application for permit to organize insurer without capital stock.
Section
732.040
Section 732.040
Section
732.045
Investigation of applications to organize insurers.
Section
732.050
Section 732.050
Section
732.055
Approval or disapproval of application for permit.
Section
732.060
Section 732.060
Section
732.065
Reporting of changes in information in application.
Section
732.070
[Repealed by 1967 c.359 §704]
Section
732.075
Revoking or suspending permit to organize insurer.
Section
732.080
[Repealed by 1967 c.359 §704]
Section
732.085
Incorporators.
Section
732.090
[Repealed by 1967 c.359 §704]
Section
732.095
Articles of incorporation.
Section
732.100
Section 732.100
Section
732.105
Filing articles of incorporation and surety bond, letter of credit or deposit.
Section
732.110
Section 732.110
Section
732.115
Approval of articles, documents and bond, letter of credit or deposit; certificate of incorporation.
Section
732.120
Section 732.120
Section
732.125
Registration of securities subsequent to issuance of organization permit and certificate of incorporation.
Section
732.130
Section 732.130
Section
732.135
Soliciting subscriptions and applications.
Section
732.140
Section 732.140
Section
732.145
Stipulations required in subscriptions and applications; disposition of subscribed funds.
Section
732.150
Section 732.150
Section
732.155
Organization to be completed within two years; policies to be issued within one year of certification.
Section
732.160
Section 732.160
Section
732.165
Liability of directors and incorporators.
Section
732.175
Liability for acting as corporate insurer without authority.
Section
732.205
General powers of insurers.
Section
732.210
Assertion of lack of capacity or power.
Section
732.215
Management contracts prohibited.
Section
732.220
Exclusive agency contracts.
Section
732.225
Impairment of required capitalization prohibited; rules.
Section
732.230
Order to cure impairment; confidentiality of order.
Section
732.235
Voluntary dissolution of insurer.
Section
732.240
Trusts of life insurance proceeds.
Section
732.245
Home office; records, assets; unlawful removal; rules.
Section
732.250
Continuity of management in event of national emergency.
Section
732.305
Board of directors; qualifications.
Section
732.310
[1967 c.359 §175; repealed by 1987 c.846 §19]
Section
732.315
[Formerly 738.200; repealed by 1983 c.24 §1]
Section
732.320
Supporting documents for expenditures.
Section
732.325
Certain transactions and compensation between insurers and directors, trustees, officers, agents or employees prohibited; other prohibited conduct.
Section
732.405
Authorized shares.
Section
732.410
Right to acquire own shares.
Section
732.415
Stock insurer’s proxies; regulation by director; rules.
Section
732.420
"Equity security" defined; rules.
Section
732.425
Application of insider trading regulation.
Section
732.430
Filing statement of security ownership with director; rules.
Section
732.435
Suit to recover insider profits; exempted transactions; rules.
Section
732.440
Prohibited sales of securities.
Section
732.445
Establishing or maintaining primary or secondary market in securities; rules.
Section
732.450
Arbitrage transactions exempt; rules.
Section
732.455
Rules.
Section
732.460
Annual report to shareholders or members; rules.
Section
732.465
Members of domestic mutual insurers.
Section
732.470
Voting rights of members of mutual insurer.
Section
732.475
Members’ meetings and procedures of domestic mutual and reciprocal insurers.
Section
732.480
Copy of bylaws of domestic mutual insurer to be provided to director; provisions of bylaws.
Section
732.505
[Formerly 738.610; 1969 c.336 §7; 1983 c.498 §1; repealed by 1993 c.447 §122]
Section
732.510
[1967 c.359 §195; 1969 c.336 §8; 1983 c.498 §2; repealed by 1993 c.447 §122]
Section
732.515
[1967 c.359 §196; 1983 c.498 §3; repealed by 1993 c.447 §122]
Section
732.517
Purpose of ORS 732.517 to 732.546.
Section
732.518
Definitions for ORS 732.517 to 732.546.
Section
732.520
[1967 c.359 §197; repealed by 1993 c.447 §122]
Section
732.521
Activities that are prohibited unless specified procedures followed; exceptions; notice of divestiture.
Section
732.522
[1983 c.498 §6; repealed by 1993 c.447 §122]
Section
732.523
Procedure for acquiring controlling interest of capital stock; filing of statement; contents; request for hearing.
Section
732.525
[1967 c.359 §198; 1983 c.498 §7; repealed by 1993 c.447 §122]
Section
732.526
Hearing on proposed activity; notice.
Section
732.527
Approval of acquisition by chief insurance regulatory officials of two or more jurisdictions; hearing.
Section
732.528
Approval of proposed activity; grounds for refusing approval.
Section
732.529
Procedures following approval by director of proposed activity.
Section
732.530
[1967 c.359 §199; repealed by 1993 c.447 §122]
Section
732.531
Acquisition of assets or insurance of mutual or reciprocal insurers.
Section
732.533
Statement of acquisition.
Section
732.535
Section 732.535
Section
732.536
Compliance with foreign or alien laws.
Section
732.537
Application of ORS 732.527, 732.539, 732.542 and 732.544 to change of control of insurer; exemptions.
Section
732.538
Effect of merger or consolidation.
Section
732.539
Notification of acquisition; confidentiality; order; rules; required information; waiting period.
Section
732.540
Section 732.540
Section
732.541
Jurisdiction over person obtaining or attempting to obtain control.
Section
732.542
Monopoly or substantial diminishment of competition; director’s order; prima facie and substantial evidence; determination of scope and extent of market.
Section
732.543
Section 732.543
Section
732.544
Director’s order; effect; requirements for issuing; penalties.
Section
732.545
[1967 c.359 §202; 1973 c.515 §2; 1981 c.633 §81; 1983 c.498 §12; 1987 c.846 §10; repealed by 1993 c.447 §122]
Section
732.546
Severability.
Section
732.547
Remedies for violation of ORS 732.517 to 732.546.
Section
732.548
Definitions for ORS 732.517 to 732.596.
Section
732.549
Subsidiaries.
Section
732.550
Section 732.550
Section
732.551
Registration of insurer members of holding company systems.
Section
732.552
Registration statement; form; contents.
Section
732.553
Certain information not required to be disclosed.
Section
732.554
Changes in registration information; reports of distributions to shareholders.
Section
732.555
[1967 c.359 §204; repealed by 1993 c.447 §122]
Section
732.556
Requirement that certain persons provide information to insurers.
Section
732.558
Termination of registration by director.
Section
732.560
Section 732.560
Section
732.562
Consolidated registration.
Section
732.564
Registration for affiliated insurers.
Section
732.565
[1967 c.359 §206; repealed by 1993 c.447 §122]
Section
732.566
Exemption from ORS 732.517 to 732.596 by director.
Section
732.567
Presumption of control; rebuttal; hearing.
Section
732.568
Disclaimer of affiliation; contents; subsequent duty to register; disallowance of disclaimers by director.
Section
732.569
Annual enterprise risk report; contents; rules.
Section
732.570
Section 732.570
Section
732.571
Supervisory college for domestic insurer; purpose; director’s powers; payment of expenses.
Section
732.572
Rulemaking authority for ORS 732.517 to 732.596.
Section
732.574
Standards for transactions within holding company; notice.
Section
732.575
[1983 c.498 §15; repealed by 1993 c.447 §122]
Section
732.576
Dividends and distributions.
Section
732.578
Liability of officers and directors of insurer that is subject to registration; allowance for common management; qualifications of directors; exemptions; waiver.
Section
732.580
Section 732.580
Section
732.582
Determination of reasonableness and adequacy of capital and surplus.
Section
732.584
Examinations; penalty; costs.
Section
732.585
[1983 c.498 §17; repealed by 1993 c.447 §122]
Section
732.586
Confidentiality of information; permitted disclosures.
Section
732.588
Supervision, rehabilitation or liquidation.
Section
732.590
Section 732.590
Section
732.592
Recovery from parent corporation or holding company if domestic insurer ordered into liquidation or rehabilitation.
Section
732.594
Director’s determination or acknowledgment of appropriate group-wide supervisor for internationally active insurance group; requirement for insurer to produce needed information; director’s powers; cooperation with other regulatory officials.
Section
732.595
Section 732.595
Section
732.596
Request by insurance holding company system for determination or acknowledgement of group-wide supervisor.
Section
732.597
[1985 c.327 §2; 1993 c.447 §110; repealed by 1997 c.771 §28]
Section
732.598
[1985 c.327 §3; repealed by 1997 c.771 §28]
Section
732.599
[1985 c.327 §4; 1993 c.447 §111; repealed by 1997 c.771 §28]
Section
732.600
Definitions for ORS 732.600 to 732.630.
Section
732.602
Intent of ORS 732.600 to 732.630.
Section
732.604
Permissible actions of domestic mutual insurer; rules.
Section
732.605
Section 732.605
Section
732.606
Plan for conversion or reorganization; documents filed; approval by director and members.
Section
732.608
Waiver of requirements of ORS 732.606.
Section
732.610
Contents of plan.
Section
732.611
Eligible member of domestic mutual insurer or mutual holding company; record date.
Section
732.612
Consideration for membership interest in converting or reorganizing mutual insurer; kinds of consideration; allocation of consideration.
Section
732.614
Effect of conversion.
Section
732.615
Section 732.615
Section
732.616
Reorganization involving organization of stock holding company; subsidiaries.
Section
732.618
Reorganization involving organization of mutual holding company; subsidiaries.
Section
732.620
Status of mutual holding company as corporation; status as insurer; rights and obligations of members; voting; articles of incorporation.
Section
732.622
Restructuring of mutual holding company.
Section
732.624
Approval by Director of Department of Consumer and Business Services of mutual holding company restructuring plan; approval by members; effect of restructuring.
Section
732.625
Section 732.625
Section
732.626
Plan review and approval; general provisions.
Section
732.628
Limitations on ownership of shares in companies resulting from conversion, reorganization or restructuring.
Section
732.630
Dissenters’ rights; action challenging validity of conversion, reorganization or restructuring.
Section
732.635
Section 732.635
Section
732.645
Section 732.645
Section
732.650
Definitions.
Section
732.653
Scope; requirements and guidance.
Section
732.655
Section 732.655
Section
732.656
Risk management framework.
Section
732.659
Own risk and solvency assessment in accordance with manual.
Section
732.662
Own risk and solvency summary report; attestation.
Section
732.665
Section 732.665
Section
732.666
Exemptions; director’s requirements.
Section
732.669
Documentation and supporting information; director’s review.
Section
732.672
Confidentiality; permissible disclosures; agreement with National Association of Insurance Commissioners.
Section
732.675
Section 732.675
Section
732.680
Submission of corporate governance annual disclosure; determination of lead state; signature and attestation; level of disclosure permitted; review; rules.
Section
732.683
Discretion as to form and content of responses to inquiries in corporate governance annual disclosure; documentation and supporting information.
Section
732.685
Section 732.685
Section
732.686
Maintenance of confidentiality and privilege; permitted disclosures; waivers.
Section
732.689
Retention of consultant to assist director’s review of corporate governance annual disclosure; consultant’s qualifications and duties; agreement with consultant.
Section
732.695
Section 732.695
Section
732.705
Section 732.705
Section
732.810
Definitions for ORS 732.810 to 732.814.
Section
732.811
Application of ORS 732.810 to 732.814.
Section
732.812
Filing of financial statements; contract requirements; audit; reports to director.
Section
732.813
Notice to prospective insured.
Section
732.814
Authority of director over controlling producer and controlled insurer.
Section
732.820
Interstate Insurance Product Regulation Compact.
Section
732.825
State member of Interstate Insurance Product Regulation Commission.
Section
732.990
[Repealed by 1967 c.359 §704]