The Director of the Department of Consumer and Business Services may apply for an order directing the director to conserve the assets within this state of a foreign or alien insurer upon any one or more of the following grounds:

Terms Used In Oregon Statutes 734.190

  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.

(1) Any of the grounds specified in ORS § 734.150; or

(2) That its property has been sequestrated in any jurisdiction. [1967 c.359 § 273; 1993 c.447 § 98]

 

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