ORS 415.405: Priority of special deposit claims.
Edition: 2025 EditionEffective: 2026-01-01Last verified: 2026-09-07
The owners of special deposit claims against a coordinated care organization for which a receiver is appointed shall be given priority against their several special deposits in accordance with the provisions of the statutes governing the creation and maintenance of the deposits. If there is a deficiency in any deposit so that claims secured by the deposit are not fully discharged, the claimants may share in the general assets of the coordinated care organization after: (1) The payment of claims of general creditors; and (2) Claimants against other special deposits, who have received smaller percentages from their respective special deposits, have been paid percentages of their claims equal to the percentage paid from the special deposit. [2019 c.478 §46]
Administrative rules citing this section
- OAR 410-141-5000: FINANCIAL SOLVENCY REGULATION: Definitions — implements
- OAR 410-141-5010: FINANCIAL SOLVENCY REGULATION: Procedure for General Financial Reporting and for Determining Financial Solvency Matters — implements
- OAR 410-141-5245: EXAMINATIONS: CCO Production of Books and Records — authority
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Official source: https://www.oregonlegislature.gov/bills_laws/ors/ors415.html