Oregon
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1. A levy that may be made on assessable policies by mutual and reciprocal insurance carriers in calling for additional premiums from policyholders or members in the event that the available funds are not sufficient to pay all outstanding losses and expenses or when the financial structure of the organization is impaired.

2. "Assessment" means any charge imposed or levied by the association of unit owners on or against a unit owner or unit pursuant to provisions of the declaration or the bylaws of the condominium or provisions of ORS 100.005 (Definitions) to 100.910 (Use of fees).

Tags:  assessment