Oregon Revised Statutes

Or. Rev. Stat. § 734.770 (2026)

Purpose

✓ current as of May 2026

Find cases: SyfertCases citing this section ORSoregonlegislature.gov JustiaChapter on Justia CornellLII Search CasesGoogle Scholar

734.770 Purpose. The purpose of ORS 734.750 to 734.890 is to protect the persons specified in ORS 734.790, subject to certain limitations, against failure in the performance of contractual obligations, under life and health insurance policies and annuity contracts specified in ORS 734.790, because of the impairment or insolvency of the insurer issuing such policies or contracts. To provide this protection:

(1) An association of insurers is created to enable the guarantee of payment of benefits and continuation of coverages;

(2) Members of the Oregon Life and Health Insurance Guaranty Association are subject to assessment to provide funds to carry out the purpose of ORS 734.750 to 734.890; and

(3) The association is authorized to assist the Director of the Department of Consumer and Business Services, in the prescribed manner, in the detection and prevention of insurer impairments or insolvencies. [1975 c.251 §3; 1991 c.811 §2]

Notes of Decisions

Cited in 1 case, 1987–1987 · leading case: Mongelli v. Oregon Life & Health Guar. Ass'n, 737 P.2d 633 (Or. Ct. App. 1987).

Sort: Relevance Newest Treatment

Mongelli v. Oregon Life & Health Guar. Ass'n, 737 P.2d 633 (Or. Ct. App. 1987). “ORS 734.770. In the event that the association does not carry out its statutory duties within a reasonable time, the commissioner is required to assume the duties and rights of the association.”

Annotations are extracted automatically from the opinions in the Syfert caselaw corpus and ranked by authority, recency, and treatment. Dots show Syfertize treatment of the citing case itself.