ORS 735.305
Definitions for ORS 735.300 to 735.365


As used in ORS 735.300 (Purpose of ORS 735.300 to 735.365) to 735.365 (Short title):

(1)

“Director” means the Director of the Department of Consumer and Business Services of this state or the commissioner, director or superintendent of insurance in any other state.

(2)

“Completed operations liability” means liability arising out of the installation, maintenance or repair of any product at a site that is not owned or controlled by any person who performs that work or by any person who hires an independent contractor to perform that work. The term also includes liability for activities that are completed or abandoned before the date of the occurrence giving rise to the liability.

(3)

“Domicile,” for purposes of determining the state in which a purchasing group is domiciled, means:

(a)

For a corporation, the state in which the purchasing group is incorporated; and

(b)

For an unincorporated entity, the state of its principal place of business.

(4)

“Hazardous financial condition” means that a risk retention group, based on its present or reasonably anticipated financial conditions, although not yet financially impaired or insolvent, is unlikely to be able:

(a)

To meet obligations to policyholders with respect to known claims and reasonably anticipated claims; or

(b)

To pay other obligations in the normal course of business.

(5)

“Insurance” means primary insurance, excess insurance, reinsurance, surplus lines insurance and any other arrangement for shifting and distributing risk that is determined to be insurance under the laws of this state.

(6)

“Liability”:

(a)

Means legal liability for damages, including costs of defense, legal costs and fees and other claims expenses, because of injuries to other persons, damage to their property or other damage or loss to such other persons resulting from or arising out of:

(A)

Any business that is for-profit or not-for-profit, or any trade, product, premises, operations or services, including professional services; or

(B)

Any activity of any state or local government, or any agency or political subdivision thereof.

(b)

Does not include personal risk liability and an employer’s liability with respect to its employees other than legal liability under the Federal Employers’ Liability Act (45 U.S.C. 51 et seq.).

(7)

“Personal risk liability” means liability for damages because of injury to any person, damage to property or other loss or damage resulting from any personal, familial or household responsibilities or activities, rather than from responsibilities or activities referred to in subsection (6) of this section.

(8)

“Plan of operation or a feasibility study” means an analysis that presents the expected activities and results of a risk retention group, and includes at a minimum:

(a)

The coverages, deductibles, coverage limits, rates and rating classification systems for each line of insurance the group intends to offer;

(b)

Historical and expected loss experience of the proposed members and national experience of similar exposures to the extent that this experience is reasonably available;

(c)

Pro forma financial statements and projections;

(d)

Appropriate opinions by a qualified independent casualty actuary, including a determination of minimum premium or participation levels required to commence operations and prevent a hazardous financial condition;

(e)

Identification of management, underwriting procedures, managerial oversight methods and investment policies; and

(f)

Other matters that the director requires for liability insurance companies authorized by the insurance laws of the state in which the risk retention group is chartered.

(9)

“Product liability” means liability for damages because of any personal injury, death, emotional harm, consequential economic damage or property damage, including damages resulting from the loss of use of property, arising out the manufacture, design, importation, distribution, packaging, labeling, lease or sale of a product. The term does not include the liability of any person for those damages if the product involved was in the possession of such a person when the incident giving rise to the claim occurred.

(10)

“Purchasing group” means any group that:

(a)

Has as one of its purposes the purchase of liability insurance on a group basis;

(b)

Purchases such insurance only for its group members and only to cover their similar or related liability exposure, as described in paragraph (c) of this subsection;

(c)

Is composed of members whose business or activities are similar or related with respect to the liability to which members are exposed by virtue of any related, similar or common business, trade, product, services, premises or operations; and

(d)

Is domiciled in any state.

(11)

“Risk retention group” means any corporation or other limited liability association formed under the laws of any state:

(a)

Whose primary activity consists of assuming and spreading all, or any portion of, the liability exposure of its group members;

(b)

That is organized for the primary purpose of conducting the activity described in paragraph (a) of this subsection;

(c)

That:

(A)

Is chartered and licensed as a liability insurance company and authorized to engage in the business of insurance under the laws of any state; or

(B)

Before January 1, 1985, was chartered or licensed and authorized to engage in the business of insurance under the laws of Bermuda or the Cayman Islands and, before that date, had certified to the insurance commissioner of at least one state that it satisfied the capitalization requirements of that state. However, any such group shall be considered to be a risk retention group only if it has been engaged in business continuously since that date and only for the purpose of continuing to provide insurance to cover product liability or completed operations liability, as such terms were defined in the federal Product Liability Risk Retention Act of 1981, as amended by the Risk Retention Amendments of 1986, before the date of the enactment of the federal Liability Risk Retention Act of 1986 (P.L. 99-563);

(d)

That does not exclude any person from membership in the group solely to provide for members of such a group a competitive advantage over such a person;

(e)

That:

(A)

Has as its members only persons who have an ownership interest in the group and has as its owners only persons who are members that are provided insurance by the risk retention group; or

(B)

Has as its sole member and sole owner an organization that is owned by persons who are provided insurance by the risk retention group;

(f)

Whose members are engaged in businesses or activities similar or related with respect to the liability to which such members are exposed by virtue of any related, similar or common business, trade, product, services, premises or operations;

(g)

Whose activities do not include the provision of insurance other than:

(A)

Liability insurance for assuming and spreading all or any portion of the liability of its group members; and

(B)

Reinsurance with respect to the liability of any other risk retention group, or any members of such other group, that is engaged in businesses or activities so that such group or member meets the requirement described in paragraph (f) of this subsection for membership in the risk retention group that provides such reinsurance; and

(h)

The name of which includes “Risk Retention Group.”

(12)

“State” means any state of the United States or the District of Columbia. [1987 c.774 §99; 1993 c.744 §29]

Source: Section 735.305 — Definitions for ORS 735.300 to 735.365, https://www.­oregonlegislature.­gov/bills_laws/ors/ors735.­html.

735.005
Definitions for ORS 735.005 to 735.145
735.015
Purpose
735.025
Construction
735.035
Application
735.045
Oregon FAIR Plan Association
735.055
Association board of directors
735.065
Required association functions
735.075
Discretionary association functions
735.085
Plan of operation
735.095
Contents of plan of operation
735.105
Regulation of association as insurer
735.115
Exemption of association from fees and taxes
735.145
Immunity from legal action in carrying out duties
735.150
Definitions for ORS 735.150 to 735.190
735.152
Application of laws
735.154
Rules
735.156
Confidentiality of documents and materials
735.158
Certificate of authority
735.160
Business name
735.162
Capital and surplus requirements
735.164
Incorporation of pure captive insurer and association captive insurer
735.166
Investment requirements for association captive insurer
735.168
Allowable risks for captive insurer
735.170
Rating organization
735.172
Reporting
735.174
Examination
735.176
Compliance with sound actuarial principles
735.178
Suspension or revocation of certificate of authority
735.180
Branch captive insurer as pure captive insurer
735.182
Examination of branch captive insurer and alien captive insurer
735.184
Requirements for foreign captive insurer to provide insurance in this state
735.186
Management of assets of captive reinsurer
735.188
Application of captive reinsurer for certificate of authority
735.190
Incorporation of captive reinsurer
735.200
Legislative findings
735.205
Definitions for ORS 735.200 to 735.260
735.210
Formation of market assistance plans
735.215
Findings prior to formation of joint underwriting association
735.220
Formation of joint underwriting association
735.225
Membership in joint underwriting association
735.230
Rates
735.235
Board of directors
735.240
Annual statement
735.245
Conditions for policyholder surcharge
735.250
Exemption from liability
735.255
State not liable to pay debts of association
735.260
Rules
735.265
Liquor liability insurance risk and rate classifications
735.300
Purpose of ORS 735.300 to 735.365
735.305
Definitions for ORS 735.300 to 735.365
735.310
Qualifications for risk retention group
735.315
Foreign risk retention groups
735.320
Relationship to insurance guaranty fund and joint underwriting association
735.325
Exemption of purchasing groups from certain laws
735.330
Purchasing groups
735.335
Purchase of insurance by purchasing group
735.340
Insurance Code enforcement authority subject to federal law
735.345
Violation of 735.300 to 735.365
735.350
Agent or broker
735.355
Court orders enforceable in Oregon
735.360
Rules
735.365
Short title
735.400
Purposes of ORS 735.400 to 735.495
735.405
Definitions for ORS 735.400 to 735.495
735.406
Cost of living adjustment to net worth, revenues and expenses of exempt commercial purchasers
735.410
Conditions for procuring insurance through nonadmitted insurer
735.415
Qualifications for placement of coverage with nonadmitted insurer
735.417
Insured required to report and pay taxes on independently procured insurance covering Oregon home state risks
735.418
Director authorized to enter into interstate compact for premium tax allocation
735.420
Declaration of ineligibility of surplus lines insurer
735.425
Filing by licensee after placement of surplus lines insurance
735.430
Surplus Line Association of Oregon
735.435
Evidence of insurance
735.440
Validity of contracts
735.445
Effect of payment of premium to surplus lines licensee
735.450
Requirements for license as surplus lines insurance licensee
735.455
Authority of licensee
735.460
Records of licensee
735.465
Monthly reports
735.470
Premium tax
735.475
Suit to recover unpaid tax
735.480
Suspension or revocation of license
735.485
Actions against surplus lines insurer
735.490
Jurisdiction in action against insurer
735.492
Application of certain Insurance Code provisions to surplus lines insurers
735.495
Short title
735.500
Requirements for certification as retainer medical practice
735.510
Notice to department of specified changes to practice
735.515
Charges for services not covered by contract
735.520
Oregon Essential Workforce Health Care Program
735.530
Definitions for ORS 735.530 to 735.552
735.532
Registration of pharmacy benefit managers
735.533
Denial, suspension or revocation of registration as pharmacy benefit manager
735.534
Claim reimbursement
735.536
Requirements for pharmacy benefit manager’s reimbursement for cost of drugs
735.540
Definitions for ORS 735.540 to 735.552
735.542
Pharmacy claims audits
735.544
Pharmacy claims audits
735.546
Pharmacy claims audits
735.548
Pharmacy claims audits
735.550
Pharmacy claims audits
735.552
Pharmacy claims audits
Green check means up to date. Up to date