Or. Rev. Stat. » Oregon Revised Statutes

Or. Rev. Stat. § 735.320

Relationship to insurance guaranty fund and joint underwriting association

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      735.320 Relationship to insurance guaranty fund and joint underwriting association. (1) No risk retention group shall be permitted to join or contribute financially to any insurance insolvency guaranty fund, or similar mechanism, in this state. No risk retention group, or its insureds, shall receive any benefit from any such fund for claims arising out of the operations of the risk retention group.

      (2) A risk retention group shall participate in this state’s joint underwriting associations and mandatory liability pools as provided by the Insurance Code. [1987 c.774 §102]

Notes of Decisions
Cited in 1 case, 1998–1998 · leading case: National Warranty Insurance v. Greenfield
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National Warranty Insurance v. Greenfield (1998) ord · cites it 2× “§ 3902 (a)(2), Oregon expressly prohibits RRGs from joining or financially contributing to an insurance insolvency association, including the OIGA ORS 735.320(1). An “authorized insurer” in Oregon must be a member of the OIGA ORS 734.”
— Or. Rev. Stat. § 735.320(1) — 1 case
National Warranty Insurance v. Greenfield (1998) ord “§ 3902 (a)(2), Oregon expressly prohibits RRGs from joining or financially contributing to an insurance insolvency association, including the OIGA ORS 735.320(1). An “authorized insurer” in Oregon must be a member of the OIGA ORS 734.”
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