Oregon Statutes 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:
Terms Used In Oregon Statutes 806.080
- Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
- Person: includes individuals, corporations, associations, firms, partnerships, limited liability companies and joint stock companies. See Oregon Statutes 174.100
(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) It must insure the named insured and all other persons insured under the terms of the policy against loss from the liabilities imposed by law for damages arising out of the ownership, operation, use or maintenance of those motor vehicles by persons insured under the policy. The policy must include in its coverage all persons who, with the consent of the named insured, use the motor vehicles insured under the policy, except for any person specifically excluded from coverage under ORS § 742.450.
(c) It must provide the minimum limits of coverage required under ORS § 806.070.
(2) The requirements for the insurance may be fulfilled by the policies of one or more insurance carriers which policies together meet such requirements. [1983 c.338 § 844; 1991 c.768 § 8]
[1983 c.338 § 845; 1999 c.59 § 238; repealed by 2003 c.175 § 1]
[1983 c.338 § 846; 1985 c.16 § 428; repealed by 2003 c.175 § 1]
[1983 c.338 § 847; repealed by 1995 c.41 § 9]
[1995 c.41 § 2; repealed by 2003 c.175 § 1]
[1983 c.338 § 848; 1985 c.16 § 429; repealed by 1995 c.41 § 9]
(Self-Insurance)