The Director of the Department of Consumer and Business Services shall:

Ask an insurance law question, get an answer ASAP!
Click here to chat with a lawyer about your rights.

(1) Notify the Oregon Insurance Guaranty Association of the insolvency of an insurer not later than three days after the director receives notice of the determination of insolvency.

(2) Upon request of the board, provide the association with a statement of the net direct written premiums of each member insurer for the preceding calendar year. [1971 c.616 § 12]