{"id":61,"date":"2018-02-16T14:19:15","date_gmt":"2018-02-16T19:19:15","guid":{"rendered":"https:\/\/oregon.ncigf.org\/?page_id=61"},"modified":"2026-07-28T12:46:49","modified_gmt":"2026-07-28T17:46:49","slug":"frequently-asked-questions","status":"publish","type":"page","link":"https:\/\/oregon.ncigf.org\/?page_id=61","title":{"rendered":"Frequently Asked Questions"},"content":{"rendered":"<style>#sp-ea-1320 .spcollapsing { height: 0; overflow: hidden; transition-property: height;transition-duration: 300ms;}#sp-ea-1320.sp-easy-accordion>.sp-ea-single {margin-bottom: 10px; border: 1px solid #e2e2e2; }#sp-ea-1320.sp-easy-accordion>.sp-ea-single>.ea-header a {color: #444;}#sp-ea-1320.sp-easy-accordion>.sp-ea-single>.sp-collapse>.ea-body {background: #fff; color: #444;}#sp-ea-1320.sp-easy-accordion>.sp-ea-single {background: #eee;}#sp-ea-1320.sp-easy-accordion>.sp-ea-single>.ea-header a .ea-expand-icon { float: left; color: #444;font-size: 16px;}<\/style><div id=\"sp_easy_accordion-1785260651\"><div id=\"sp-ea-1320\" class=\"sp-ea-one sp-easy-accordion\" data-ea-active=\"ea-click\" data-ea-mode=\"vertical\" data-preloader=\"\" data-scroll-active-item=\"\" data-offset-to-scroll=\"0\"><div class=\"ea-card ea-expand sp-ea-single\"><h3 class=\"ea-header\"><a class=\"collapsed\" id=\"ea-header-13200\" role=\"button\" data-sptoggle=\"spcollapse\" data-sptarget=\"#collapse13200\" aria-controls=\"collapse13200\" href=\"#\" aria-expanded=\"true\" tabindex=\"0\"><i aria-hidden=\"true\" role=\"presentation\" class=\"ea-expand-icon eap-icon-ea-expand-minus\"><\/i> When does the Oregon Insurance Guaranty Association become involved?<\/a><\/h3><div class=\"sp-collapse spcollapse collapsed show\" id=\"collapse13200\" data-parent=\"#sp-ea-1320\" role=\"region\" aria-labelledby=\"ea-header-13200\"> <div class=\"ea-body\"><p>The OIGA (Oregon Insurance Guaranty Association) is triggered when there has been a finding of insolvency AND the Order of Liquidation has been signed by the court.<\/p><\/div><\/div><\/div><div class=\"ea-card sp-ea-single\"><h3 class=\"ea-header\"><a class=\"collapsed\" id=\"ea-header-13201\" role=\"button\" data-sptoggle=\"spcollapse\" data-sptarget=\"#collapse13201\" aria-controls=\"collapse13201\" href=\"#\" aria-expanded=\"false\" tabindex=\"0\"><i aria-hidden=\"true\" role=\"presentation\" class=\"ea-expand-icon eap-icon-ea-expand-plus\"><\/i> What is the purpose of the Oregon Insurance Guaranty Association?<\/a><\/h3><div class=\"sp-collapse spcollapse \" id=\"collapse13201\" data-parent=\"#sp-ea-1320\" role=\"region\" aria-labelledby=\"ea-header-13201\"> <div class=\"ea-body\"><p>The Purpose of the OIGA is to provide for the payment of covered claims under certain insurance policies, to avoid excessive delay in payment and to avoid financial loss to claimants or policyholders because of the insolvency of an insurer.<\/p><\/div><\/div><\/div><div class=\"ea-card sp-ea-single\"><h3 class=\"ea-header\"><a class=\"collapsed\" id=\"ea-header-13202\" role=\"button\" data-sptoggle=\"spcollapse\" data-sptarget=\"#collapse13202\" aria-controls=\"collapse13202\" href=\"#\" aria-expanded=\"false\" tabindex=\"0\"><i aria-hidden=\"true\" role=\"presentation\" class=\"ea-expand-icon eap-icon-ea-expand-plus\"><\/i> What is a \"Bar Date\"?<\/a><\/h3><div class=\"sp-collapse spcollapse \" id=\"collapse13202\" data-parent=\"#sp-ea-1320\" role=\"region\" aria-labelledby=\"ea-header-13202\"> <div class=\"ea-body\"><p>A \"bar date\" is the last date a claimant may file a claim with an insolvent insurance company. After that date, the claimant is \"barred\" from filing further claims. The OIGA uses the same \"bar date\" as the liquidating company.<\/p><\/div><\/div><\/div><div class=\"ea-card sp-ea-single\"><h3 class=\"ea-header\"><a class=\"collapsed\" id=\"ea-header-13203\" role=\"button\" data-sptoggle=\"spcollapse\" data-sptarget=\"#collapse13203\" aria-controls=\"collapse13203\" href=\"#\" aria-expanded=\"false\" tabindex=\"0\"><i aria-hidden=\"true\" role=\"presentation\" class=\"ea-expand-icon eap-icon-ea-expand-plus\"><\/i> What is \"net worth\"?<\/a><\/h3><div class=\"sp-collapse spcollapse \" id=\"collapse13203\" data-parent=\"#sp-ea-1320\" role=\"region\" aria-labelledby=\"ea-header-13203\"> <div class=\"ea-body\"><p>Insureds whose net worth exceeds $25 million on December 31 of the year next preceding the date the insurer becomes an insolvent insurer, provided that an insureds's net worth on such date is deemed to include the aggregate net worth of the insured and all of its subsidiaries as calculated on a consolidated basis. These insureds will be required to reimburse the OIGA for losses and expenses relating to claims paid on their behalf.<\/p><\/div><\/div><\/div><div class=\"ea-card sp-ea-single\"><h3 class=\"ea-header\"><a class=\"collapsed\" id=\"ea-header-13204\" role=\"button\" data-sptoggle=\"spcollapse\" data-sptarget=\"#collapse13204\" aria-controls=\"collapse13204\" href=\"#\" aria-expanded=\"false\" tabindex=\"0\"><i aria-hidden=\"true\" role=\"presentation\" class=\"ea-expand-icon eap-icon-ea-expand-plus\"><\/i> Does the OIGA cover unearned premiums?<\/a><\/h3><div class=\"sp-collapse spcollapse \" id=\"collapse13204\" data-parent=\"#sp-ea-1320\" role=\"region\" aria-labelledby=\"ea-header-13204\"> <div class=\"ea-body\"><p>Yes, the OIGA does reimburse unearned premium due to the policyholder after receiving information from the liquidating company.<\/p><\/div><\/div><\/div><\/div><\/div>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-61","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/oregon.ncigf.org\/index.php?rest_route=\/wp\/v2\/pages\/61","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/oregon.ncigf.org\/index.php?rest_route=\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/oregon.ncigf.org\/index.php?rest_route=\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/oregon.ncigf.org\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/oregon.ncigf.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=61"}],"version-history":[{"count":10,"href":"https:\/\/oregon.ncigf.org\/index.php?rest_route=\/wp\/v2\/pages\/61\/revisions"}],"predecessor-version":[{"id":1321,"href":"https:\/\/oregon.ncigf.org\/index.php?rest_route=\/wp\/v2\/pages\/61\/revisions\/1321"}],"wp:attachment":[{"href":"https:\/\/oregon.ncigf.org\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=61"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}