§ 735.485 — Actions against surplus lines insurer

Oregon § 735.485

• Jurisdiction: Oregon
• Vol.: 18
• Title 56: Insurance
• Ch. 735: Alternative Insurance

Text

(1) A surplus lines insurer may be sued upon any cause of action arising in this state under any surplus lines insurance contract on an Oregon home state risk made by it or evidence of insurance issued or delivered by the surplus lines licensee pursuant to the procedure provided in ORS 735.490. Any surplus lines policy issued by the surplus lines licensee shall contain a provision stating the substance of this section and designating the person to whom process shall be delivered.
(2) Each surplus lines insurer assuming surplus lines insurance shall be considered thereby to have subjected itself to ORS 735.400 to 735.495.
(3) The remedies provided in this section are in addition to any other methods provided by law for service of process upon insurers.
(4) When a nonresident surplus lines insurance producer transacts outside this state a surplus lines insurance contract covering an Oregon home state risk, the producer and the surplus lines insurer of the contract are subject to this section and to ORS 735.490 or to rules adopted by the director in lieu thereof.

Legislative History

1987 c.774 §134; 1989 c.288 §5; 2001 c.191 §49a; 2011 c.660 §18