ORS 734.380
Allowance of certain claims


(1)

A contingent claim against an insurer or a claim based upon a cause of action or suit against an insured of an insurer shall be filed, presented and reported in the same manner and within the same time limitations as provided in this chapter for a noncontingent claim. Such claims shall be allowed to share in a distribution of assets in the same manner as noncontingent claims of the same class and priority, provided that before any such sharing and distribution:

(a)

If the claim is a contingent claim against the insurer, it becomes an absolute claim either as a result of proof presented or litigation; or

(b)

If the claim is based upon a cause of action or suit against an insured of the insurer, a judgment is obtained against the insured or it may be reasonably inferred from proof presented that the claimant would be able to obtain such a judgment; in no case, however, shall all of the claims so presented and allowed arising out of a single act of the insured exceed the maximum liability of the insurer under its policy with or affecting the insured.

(2)

Nothing in subsection (1) of this section shall prevent or bar the Director of the Department of Consumer and Business Services from compromising a disputed claim with the claimant, whether contingent or noncontingent, if such compromise is justified and supported by the facts and circumstances.

(3)

If full or partial distribution to noncontingent claimants is authorized or directed by the court prior to satisfaction of the requirements of subsection (1)(a) or (b) of this section, with respect to particular claims the director shall retain a sum equal to the amount which would have been paid on the contingent claim if such requirements had then been met. The amount so withheld shall be distributed to the person or persons found by the court to be entitled thereto at such time as the claim is fully established as provided in subsection (1) of this section, or the director is satisfied that the claim is without merit or cannot be so proved or established, or the statute of limitations, if timely asserted, would bar further consideration or recovery thereon.

(4)

No judgment entered after the date of entry of a liquidation order shall be considered in the liquidation proceedings as evidence of liability or of the amount of damages, and no judgment entered on default or inquest or by collusion after commencement of a delinquency proceeding shall be considered as conclusive evidence in the liquidation proceeding, either of liability or of the amount of damages. [1967 c.359 §292]

Source: Section 734.380 — Allowance of certain claims, https://www.­oregonlegislature.­gov/bills_laws/ors/ors734.­html.

734.014
Definitions
734.026
“Domiciliary,” “ancillary” and “reciprocal state” defined
734.043
Supervision of insurer
734.047
Time for correction of condition leading to order of supervision
734.051
Actions by director during period of supervision
734.055
Action against person violating order of supervision
734.059
Request for court order
734.063
Court order
734.067
Review of court order
734.110
Jurisdiction of delinquency proceedings
734.113
Application of Oregon Receivership Code
734.120
Exclusive remedy
734.130
Commencement of delinquency proceeding
734.140
Injunctions
734.142
Cooperation with director in delinquency proceedings
734.144
Immunity of certain persons from civil liability
734.150
Grounds for rehabilitation of domestic insurers
734.160
Order of rehabilitation for domestic insurers
734.170
Grounds for liquidation of domestic insurers
734.180
Order of liquidation of domestic insurers
734.190
Grounds for conservation of foreign and alien insurers
734.200
Conservation or ancillary receivership of foreign and alien insurers
734.210
Conduct of delinquency proceedings for domestic insurers
734.220
Powers of director as receiver
734.230
Deputies and assistants
734.240
Conduct of delinquency proceedings for foreign insurers
734.250
Right of domiciliary receiver to sue in this state
734.260
Claims of nonresidents against domestic insurers
734.270
Claims of residents against foreign insurers
734.280
Form of claim
734.290
Priority of preferred claims
734.300
Priority of special deposit claims
734.310
Priority of secured claims
734.320
Attachment and garnishment of assets
734.340
Date rights fixed on liquidation
734.350
Voidable transfers
734.360
Preference of claims
734.370
Offsets
734.380
Allowance of certain claims
734.390
Time to file claims
734.400
Report for assessment
734.410
Levy of assessment
734.420
Order to pay assessment
734.430
Publication and transmittal of assessment order
734.440
Judgment upon assessment
734.510
Definitions for ORS 734.510 to 734.710
734.520
Purpose
734.530
Construction
734.540
Application
734.550
Oregon Insurance Guaranty Association
734.555
Application to association of certain laws governing corporations
734.560
Association board of directors
734.570
Required functions of association
734.575
Refunds from association deposited in General Fund
734.579
Recoupment assessments
734.580
Discretionary functions of association
734.590
Plan of operation
734.600
Contents of plan of operation
734.610
Notification to association of insurer insolvency
734.620
Notification of insolvency to insured persons
734.630
Assignment of claim rights
734.635
Disbursing assets of insolvent insurer to association
734.640
Claim priority
734.650
Notifying director of impaired insurers
734.660
Regulation of association as insurer
734.670
Exemption of association from payment of fees and taxes
734.690
Immunity from legal action
734.695
Liability of insured of insolvent insurer
734.700
Defense of claims on default of insolvent insurer
734.710
Administration of delinquency proceeding claims and expenses
734.750
Short title
734.760
Definitions for ORS 734.750 to 734.890
734.770
Purpose
734.780
Construction
734.790
Application
734.800
Oregon Life and Health Insurance Guaranty Association
734.805
Association board of directors
734.810
Duties and powers of association
734.815
Assessment of members
734.820
Plan of operation
734.825
Powers and duties of director
734.830
Notifying director of impaired insurers
734.835
Assessments offset against tax liabilities
734.840
Conduct of liquidation, rehabilitation or conservation proceeding involving impaired or insolvent insurer
734.850
Examination and regulation of association by director
734.860
Exemption of association from payment of fees and taxes
734.870
Immunity from legal action
734.880
Stay of proceeding involving insolvent insurer
734.890
Association not to be used in sales or solicitation
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