Oregon Statutes 806.070 – Minimum payment schedule
(1) This section establishes a schedule of payments for the following purposes:
Terms Used In Oregon Statutes 806.070
- Person: includes individuals, corporations, associations, firms, partnerships, limited liability companies and joint stock companies. See Oregon Statutes 174.100
(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 ORS § 806.130 must agree to pay according to the payment schedule established by this section.
(c) The payment schedule is the minimum required payment of a judgment for purposes of ORS § 809.130 and 809.415.
(2) The schedule of payments is as follows:
(a) $25,000 because of bodily injury to or death of one person in any one accident;
(b) Subject to that limit for one person, $50,000 because of bodily injury to or death of two or more persons in any one accident; and
(c) $20,000 because of injury to or destruction of the property of others in any one accident. [1983 c.338 § 843; 1985 c.16 § 427; 1995 c.41 § 6; 2003 c.175 § 6; 2003 c.402 § 13; 2009 c.66 § 2; 2021 c.630 § 87]