Rehabilitation, Liquidation and Conservation of Insurers

ORS 734.600
Contents of plan of operation

A plan of operation shall:


Establish procedures for the submission, processing and payment of claims against the Oregon Insurance Guaranty Association.


Establish procedures for record keeping, payment of expenses and administration of all other financial affairs of the association.


Establish times and places for meetings of the board.


Establish procedures for selection of the board of directors and for approval of that selection by the Director of the Department of Consumer and Business Services.


Establish a procedure for appeal by a member insurer to the director of final actions or decisions of the association.


Establish such other procedures as may be necessary or proper to carry out the duties and powers of the association. [1971 c.616 §11]
§§ 734.510 to 734.710

Notes of Decisions

SAIF's lien against proceeds of recoveries by injured workers in third-party actions does not attach to payments to worker by Oregon Insurance Guarantee Association acting in place of insolvent insurer. Corvallis Aero Service v. Villalobos, 81 Or App 137, 724 P2d 880 (1986), Sup Ct review denied

Automobile dealers insured for losses attributable to service contracts were not entitled to recover unearned premiums from OIGA after member insurer became insolvent when dealers' policy with insolvent insurer specifically provided there was no right to return of unearned premiums if policy was canceled. Oregon Ins. Guaranty Assn. v. Action Chrysler, 109 Or App 556, 820 P2d 846 (1991)

Where member of Oregon Insurance Guaranty Association merges with nonmember insurer and then becomes insolvent, claims arising before merger against policies issued by nonmember insurer are not covered by association. Palmrose v. Oregon Insurance Guaranty Association, 205 Or App 613, 135 P3d 370 (2006)

Chapter 734

Atty. Gen. Opinions

State is not liable for losses incurred by Oregon Medical Insurance Pool and pools' policy holders bear ultimate risk of pools' insolvency, in that there would be no source of funds to pay benefits under their policies, (1989) Vol 46, p 155


Last accessed
Jun. 26, 2021