(2) If any media designated in subsection (1) of this section is damaged or destroyed by any covered peril, the department shall pay all extraordinary expenses related to replacement or re-creation of new or backup media out of the Insurance Fund in an amount not to exceed the appraised value established pursuant to this chapter. Such costs may include reproduction of media, temporary service and equipment rental costs, reinstallation, shipping and other related costs.
(3) Media coverage by the Insurance Fund does not include any loss of moneys because of the lack of any revenue producing function connected with the operation, nor does it cover any other costs of business interruption outside the direct expenses as outlined in subsection (2) of this section. [1981 c.109 §23; 1985 c.731 §12; 1991 c.566 §5]
Structure 2021 Oregon Revised Statutes
Volume : 07 - Public Facilities and Finance
Chapter 278 - Insurance for Public Bodies
Section 278.005 - Definitions.
Section 278.052 - Right of action against person responsible for loss; investigations.
Section 278.075 - State agencies to supply information on media property; scope of coverage.
Section 278.150 - Special Liability Revolving Fund; accounting for moneys disbursed.
Section 278.205 - Certificates of insurance; coverage; personal injury protection benefits; rules.
Section 278.215 - Uninsured motorist coverage requirements.
Section 278.315 - Liability insurance for county or private community care providers.
Section 278.322 - Child care facility liability insurance coverage.
Section 278.405 - Department to manage risk management and insurance programs; rules.
Section 278.415 - Department authorization of agency insurance purchases; exceptions.