Oregon Statutes 731.644 – Payment of losses out of deposits, generally
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(1) Except as otherwise provided in the Insurance Code, no judgment creditor or other claimant of an insurer shall have the right to levy upon any of the assets or securities of the insurer held on deposit in this state.
Terms Used In Oregon Statutes 731.644
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
(2) As to deposits made in this state pursuant to ORS § 731.854, levy thereupon shall be permitted only if expressly so provided in the order of the Director of the Department of Consumer and Business Services under which the deposit is required. [1967 c.359 § 122]