Section 742.710 – Exemptions from provisions of ORS 742.700 to 742.708.
(1) ORS 742.700 to 742.708 do not apply to: (a) Any commercial liability insurance policy that has not been previously renewed if the policy has been in effect less than 60 days at the time notice of cancellation is mailed or otherwise delivered. (b) Any policy subject to the provisions of ORS 742.560 to 742.572. […]
Section 742.600 – Limitation on insurance policy reclassification for personal vehicle sharing program vehicle.
A private passenger motor vehicle insured by the vehicle’s registered owner under an owner’s insurance policy may not be classified as a commercial motor vehicle, for-hire motor vehicle, permissive use motor vehicle or livery solely because the vehicle’s registered owner allows the vehicle to be used for personal vehicle sharing if: (1) The personal vehicle […]
Section 742.690 – Limitations on cancellation; refusal to issue or renew insurance.
(1) An insurer offering casualty insurance or commercial liability insurance may not cancel or refuse to issue or renew a policy solely on the basis that the policyholder holds a public office. (2) An insurer offering casualty insurance or commercial liability insurance may not include a provision in the insurance contract limiting coverage under the […]
Section 742.700 – Definitions for ORS 742.700 to 742.710.
As used in ORS 742.700 to 742.710: (1) “Cancellation” means termination of a policy at a date other than its expiration date. (2) “Expiration date” means the date upon which coverage under a policy ends. For a policy written for a term longer than one year or with no fixed expiration date, “expiration date” means […]
Section 742.554 – Disclosures required by insurer to motor vehicle owner when insurer declares vehicle total loss.
When an insurer declares a motor vehicle a total loss and offers to make a cash settlement to an insured or third-party owner of the motor vehicle, the insurer shall provide the insured or third-party owner: (1) Any valuation or appraisal reports relied upon by the insurer to determine value; and (2) A written statement […]
Section 742.702 – Grounds for cancellation; notice.
(1) Except as provided in ORS 742.710, a contract of commercial liability insurance may not be canceled by an insurer before the expiration of the policy, except on one or more of the following grounds: (a) Nonpayment of premium. (b) Fraud or material misrepresentation made by or with the knowledge of the named insured in […]
Section 742.558 – Dispute resolution process for total loss vehicles.
(1) An insurer shall pay the insured or third-party owner of a motor vehicle the amount of the motor vehicle’s value that is not in dispute if the insurer declares the motor vehicle a total loss and the insurer and the insured or third-party owner are unable to agree on the value of the motor […]
Section 742.704 – Hearing.
Within 30 days after receiving a notice of cancellation under ORS 742.702, an insured may request a hearing before the Director of the Department of Consumer and Business Services. The purpose of this hearing shall be limited to establishing the existence of the proof or evidence given by the insurer in its notice of cancellation. […]
Section 742.560 – Definitions for ORS 742.560 to 742.572.
As used in ORS 742.560 to 742.572: (1) “Cancellation” means termination of coverage by an insurer, other than termination at the request of the insured, during a policy period. (2) “Expiration” means termination of coverage by reason of the policy having reached the end of the term for which it was issued or the end […]
Section 742.706 – Renewal; nonrenewal.
(1) If an insurer offers or purports to renew a commercial liability policy, but on terms less favorable to the insured or at higher rates, the new terms or rates may take effect on the renewal date, if the insurer provides the insured, and the insurance producer if any, 45 days’ written notice. If the […]