Or. Rev. Stat. » Oregon Revised Statutes

Or. Rev. Stat. § 735.400

Purposes of ORS 735.400 to 735.495

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

      735.400 Purposes of ORS 735.400 to 735.495. 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]

Notes of Decisions
Cited in 2 cases, 2005–2006 · leading case: Schnitzer Investment Corp. v. Certain Underwriters at Lloyd's of London
Sort: Relevance Newest Treatment
Schnitzer Investment Corp. v. Certain Underwriters at Lloyd's of London (2005) orctapp “11 Lloyd’s asserts that it is an unauthorized insurer because it operates in Oregon under ORS 735.400 to 735.495, the Surplus Lines Law, which governs the actions of nonadmitted insurers.”
Palmrose v. Oregon Insurance Guaranty (2006) orctapp “435(6), a provision within the “surplus lines law,” ORS 735.400 to 735.495, requires every surplus lines policy issued in Oregon to state, in “bold type,” “This [policy or certificate of insurance] was procured and developed under the Oregon surplus lines laws.”
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.