Statutes, codes, and regulations
Oregon Revised Statutes
Title 56 - INSURANCEChapter 744 - INSURANCE PRODUCERS; LIFE SETTLEMENT PROVIDERS, BROKERS AND CONTRACTS; ADJUSTERS; CONSULTANTS; THIRD PARTY ADMINISTRATORS; REINSURANCE INTERMEDIARIES; LIMITED LICENSES
REINSURANCE INTERMEDIARIES
Section 744.820 - Director authority if reinsurance intermediary broker or manager violates provisions of ORS 744.800 to 744.818

ORS § 744.820

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Current through 2024 Regular Session legislation effective June 6, 2024
Section 744.820 - Director authority if reinsurance intermediary broker or manager violates provisions of ORS 744.800 to 744.818

If the Director of the Department of Consumer and Business Services finds that a reinsurance intermediary broker or a reinsurance intermediary manager has violated any provision of ORS 744.800 to 744.818, the director may order the reinsurance intermediary broker or reinsurance intermediary manager to reimburse the insurer, reinsurer, rehabilitator or liquidator for losses incurred by the insurer or reinsurer because of the violation. The director may take action under this section in addition to or instead of any other action that the director may take under the Insurance Code.

ORS 744.820

1993 c.447 §83a; 2003 c. 364, § 37