(1) If a rental company issued a limited license under ORS § 744.852 offers or sells insurance not authorized by ORS § 744.854, or violates any provision of ORS § 744.856, the Director of the Department of Consumer and Business Services may, after notice and hearing, revoke or suspend the limited license or may impose such other penalties as the director prescribes, including but not limited to suspension of transaction of insurance at specific rental locations where violations of ORS § 744.854 or 744.856 have occurred.

Ask an insurance law question, get an answer ASAP!
Click here to chat with a lawyer about your rights.

(2) All provisions of the Insurance Code apply to rental companies issued limited licenses under ORS § 744.852 unless specifically rendered inapplicable by statute or by rule adopted by the director.

(3) The director may adopt any rules necessary for the implementation of ORS § 744.850 to 744.858, including rules establishing license fees to defray the cost to the Department of Consumer and Business Services of administering the limited licensure program. [1999 c.485 § 6]

See note under 744.850.

SELF-SERVICE STORAGE FACILITIES