Oregon Statutes 742.368 – Surety insurer may not deny power to execute bond; construction of policies
Current as of: 2023 | Check for updates
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A surety insurer executing any bond or undertaking under the provisions of the Insurance Code is estopped in any proceeding, to deny its corporate power to execute such bond or undertaking or to assume such liability, and all such bonds or undertakings shall in any action be construed by the rules applicable to insurance policies and indemnity contracts. [Formerly 747.180 and then 743.756]
