Oregon Statutes 806.270 – Certificate of insurance; requirements; presumption of completeness
(1) A certificate of insurance that is used to comply with future responsibility filing requirements under ORS § 806.240 is subject to all of the following:
Terms Used In Oregon Statutes 806.270
- 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) Except as provided by ORS § 806.280, the certificate must be issued by an insurance carrier doing business in this state.
(b) The certificate must show that the person required to make the future responsibility filing is covered by insurance that provides minimum coverage necessary for payment of the schedule of payments under ORS § 806.070.
(c) The certificate must show that the person required to make the future responsibility filing is either:
(A) Insured by a policy meeting the requirements under ORS § 806.080 that also covers all other persons who, with the consent of the insured, use the vehicles owned by the person making the filing; or
(B) Insured against loss arising from liabilities imposed by law for damages arising out of the ownership, operation, use or maintenance of motor vehicles not owned by the person required to make the filing.
(d) The certificate must:
(A) Include the effective date of the certification;
(B) Contain the policy number; and
(C) Describe all vehicles covered by the policy unless the policy is issued with respect to all vehicles operated by the insured.
(e) The certificate must provide that the insurers will give the Department of Transportation notice of any cancellation of the policy within 10 days after the effective date of the cancellation or termination. The notice requirement under this paragraph does not apply where the insurance is terminated under ORS § 806.290.
(2) The certificate or certificates must cover all vehicles that are registered in the name of or operated by the person, except vehicles that are in storage and for which the current registration plates and cards have been surrendered to the department.
(3) Unless the department has reason to believe otherwise, the department may presume that the certificate covers all vehicles described in subsection (2) of this section.
(4) The requirements under this section may be fulfilled by the policies of one or more insurance carriers. [1983 c.338 § 862; 1985 c.16 § 433; 1993 c.751 § 31; 1999 c.59 § 239; 2003 c.174 § 1; 2009 c.257 § 8]