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Section 806.060 – Methods of compliance.

A person who is required to comply with the financial responsibility requirements of this state must be able to respond in damages, in amounts required under this section, for liability on account of accidents arising out of the ownership, operation, maintenance or use of motor vehicles and must establish that ability by one of the […]

Section 806.070 – Minimum payment schedule.

(1) This section establishes a schedule of payments for the following purposes: (a) An insurance policy described under ORS 806.080 must provide for payment of at least amounts necessary to cover the minimum required payments under this section to qualify for use for financial responsibility under ORS 806.060. (b) A person who is self-insured under […]

Section 806.080 – Insurance.

(1) A motor vehicle liability insurance policy used to comply with financial responsibility requirements under ORS 806.060 must meet all of the following requirements: (a) It must be a policy or part of a policy designating, by explicit description or by appropriate reference, all motor vehicles for which coverage is provided by the policy. (b) […]

Section 806.130 – Self-insurance.

(1) To qualify as a self-insurer for purposes of financial responsibility requirements under ORS 806.060, a person must do all of the following: (a) Apply to the Department of Transportation and be issued by the department a certificate of self-insurance under ORS 806.140. (b) Either: (A) Establish to the satisfaction of the department that the […]

Section 806.140 – Certificate; issuance; cancellation.

(1) The Department of Transportation shall issue a certificate of self-insurance for purposes of financial responsibility requirements under ORS 806.060 and future responsibility filings under ORS 806.240 to any person who qualifies under ORS 806.130. (2) The department may cancel a certificate of self-insurance issued under this section upon reasonable grounds. Failure to pay any […]