Or. Rev. Stat. § 731.612
Rights of insurer regarding deposits
Oregon · Oregon Revised Statutes Chapter 731 — Administration and General Provisions · Status: effective
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- Citation
- Or. Rev. Stat. § 731.612, Rights of insurer regarding deposits, Oregon, version 1 as recorded 2026-10-04, yourstate.us, https://yourstate.us/provision/2531329
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Full text
While the insurer remains unimpaired and is in compliance with the Insurance Code it may:
(1) Demand, receive, sue for and recover the income from the assets deposited;
(2) Exchange and substitute for the deposited assets, or any part thereof, other eligible assets of equivalent or greater value; and
(3) At any reasonable time inspect such deposit.