Oregon Statutes 735.205 – Definitions for ORS 735.200 to 735.260
Current as of: 2023 | Check for updates
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As used in ORS § 735.200 to 735.260:
(1) ‘Joint underwriting association’ means a mechanism requiring casualty insurers doing business in Oregon to provide commercial liability insurance to certain businesses and service providers on either an assigned risk basis or through a joint underwriting pool underwritten to standards adopted under the Insurance Code.
(2) ‘Market assistance plan’ means a mechanism through which admitted casualty insurers in this state provide commercial liability insurance for classes of risks designated by the Director of the Department of Consumer and Business Services. [1987 c.774 § 74]