2021 Oregon Revised Statutes
Chapter 742 - Insurance Policies Generally; Property and Casualty Policies
Section 742.390 - Reimbursement insurance policy; contents; definitions.


(2) For purposes of this section and ORS 742.392:
(a) "Obligor" has the meaning given in ORS 646A.152.
(b) A "reimbursement insurance policy" is a policy of insurance providing reimbursement coverage for all obligations and liabilities under the terms of the service contract issued by the obligor including claims against the obligor for return of the unearned purchase price of the service contract.
(c) "Service contract" has the meaning given in ORS 646A.154. [1995 c.801 §7]
Note: 742.390 and 742.392 were added to and made a part of the Insurance Code by legislative action but were not added to or made a part of ORS chapter 742 or any series therein. See Preface to Oregon Revised Statutes for further explanation.

Structure 2021 Oregon Revised Statutes

2021 Oregon Revised Statutes

Volume : 18 - Financial Institutions, Insurance

Chapter 742 - Insurance Policies Generally; Property and Casualty Policies

Section 742.001 - Scope of ORS chapters 742, 743, 743A and 743B.

Section 742.003 - Filing and approval of policy forms; rules.

Section 742.004 - Exemptions from requirement to file rates and policy forms; application to consumer insurance; sample disclosure notice; rules.

Section 742.005 - Grounds for disapproval of policy forms.

Section 742.007 - Director’s withdrawal of approval.

Section 742.008 - Health savings account exemption from prohibition on deductible.

Section 742.009 - Regulation of sales material; rules.

Section 742.013 - Representations in applications.

Section 742.016 - Policy constitutes entire contract; oral representations by insured.

Section 742.021 - Standard provisions in general.

Section 742.023 - Contents of policies in general.

Section 742.026 - Underwriters’ and combination policies.

Section 742.028 - Additional policy contents.

Section 742.038 - Validity and construction of noncomplying forms.

Section 742.041 - Permissible classes of insurance in one policy.

Section 742.043 - Binders.

Section 742.046 - Delivery of policy; website posting as alternative to delivery.

Section 742.048 - Effective date and time of coverage; applicability.

Section 742.053 - Forms for proof of loss.

Section 742.056 - Certain conduct not deemed waiver.

Section 742.058 - Return of premium on destruction of property.

Section 742.061 - Recovery of attorney fees in action on policy or contractor’s bond.

Section 742.063 - Filing and approval of liability form that includes cost of defense within limits of liability.

Section 742.065 - Insurance against risk of loss assumed under less than fully insured employee health benefit plan.

Section 742.150 - Approval by director; limitations on authority of insurer; definition.

Section 742.152 - Limitations on applicability of ORS 742.150.

Section 742.154 - Factors to be considered by director in determining whether to approve assumption reinsurance agreement.

Section 742.156 - Notice of transfer under assumption reinsurance agreement.

Section 742.158 - Rejection of transfer by policyholder; payment of premium as acceptance of transfer; failure of policyholder to respond to notice.

Section 742.162 - Transfer and novation of policy effected by director.

Section 742.200 - Fire insurance not to exceed value of property insured.

Section 742.204 - Exceptions to standard fire insurance policy requirements.

Section 742.206 - Insuring agreement.

Section 742.208 - Concealment; fraud; representations by insured.

Section 742.216 - Conditions suspending insurance.

Section 742.224 - Cancellation.

Section 742.226 - Mortgagee interest and obligation of mortgagee.

Section 742.240 - Suit on policy.

Section 742.246 - Other fire insurance policy provisions permitted.

Section 742.248 - Mutual fire insurers policyholders’ liability; nonassessable policies.

Section 742.254 - Mutual fire insurance policy cancellation.

Section 742.260 - Cancellation of homeowner or fire policy; coverage for child care; definition.

Section 742.270 - Repair, rebuilding or replacement of property under homeowner insurance policy; requirements for insurer; prohibited policy provisions.

Section 742.276 - Estimates of cost to rebuild or replace covered property.

Section 742.280 - Home protection insurance; rules.

Section 742.282 - Limitations on issuance of mortgage insurance.

Section 742.284 - Insured obligations as legal investments and securities for deposit.

Section 742.350 - Bonds, undertakings and other obligations required by law may be executed by surety insurers.

Section 742.356 - Surety insurer may take measures to reduce risk of loss.

Section 742.358 - Release of surety on official bonds by action of obligee.

Section 742.360 - Release of surety on bond of public official by action of surety.

Section 742.362 - Release of surety on depository bond; provision required in such bonds.

Section 742.366 - Cancellation of bond by surety.

Section 742.372 - Guaranteed arrest bond certificate.

Section 742.376 - Requirements to issue guaranteed arrest bond certificate.

Section 742.390 - Reimbursement insurance policy; contents; definitions.

Section 742.392 - Termination of reimbursement insurance policy.

Section 742.400 - Duty to report claim of professional negligence to licensing board; contents of report; public disclosure and posting of reports.

Section 742.405 - Conditions for issuance of medical malpractice insurance.

Section 742.407 - Prohibition against refusing defense or indemnification of health practitioner or health care facility based on disclosure of adverse event or participation in discussion or mediation.

Section 742.420 - Definitions for ORS 742.420 to 742.440.

Section 742.422 - License requirement for conducting business as discount medical plan organization.

Section 742.424 - Requirement for contract with provider; contents of contract; retention of record.

Section 742.426 - License application; investigation; issuance; grounds for denial.

Section 742.428 - Duties of licensee.

Section 742.430 - License term; renewal; rules.

Section 742.432 - Duties of discount medical plan organization.

Section 742.434 - Prohibited activities.

Section 742.436 - Investigative powers of director; expenses.

Section 742.438 - License suspension, revocation or failure to renew; grounds; effect.

Section 742.440 - Injunction; damages; venue; time for commencing action.

Section 742.447 - Proof of insurance.

Section 742.449 - Prohibition on assignment to high risk category on certain grounds.

Section 742.450 - Contents of motor vehicle liability policy; permitted exclusions; rules.

Section 742.458 - General provisions governing liability policies.

Section 742.466 - Disputes over coverage for physical damage; independent appraisal; rules.

Section 742.468 - Certain policies not considered motor vehicle liability policies.

Section 742.480 - Appropriate premium charge reduction for certain motorcycle insurance policies.

Section 742.483 - Effective period for premium reduction.

Section 742.486 - Issuance and presentation of certificates for motorcycle rider education course.

Section 742.490 - Premium reduction; conditions; application.

Section 742.492 - Duration of reduction.

Section 742.500 - Definitions for ORS 742.500 to 742.506.

Section 742.502 - Uninsured motorist coverage; underinsurance coverage.

Section 742.504 - Required provisions of uninsured motorist coverage.

Section 742.505 - Arbitration procedures under ORS 742.504.

Section 742.508 - Definitions for ORS 742.508 and 742.510.

Section 742.510 - Property damage coverage for damage to vehicle caused by uninsured vehicle.

Section 742.518 - Definitions for ORS 742.518 to 742.542.

Section 742.520 - Personal injury protection benefits for motor vehicle liability policies; applicability.

Section 742.521 - Conditions applicable to arbitration proceedings.

Section 742.522 - Binding arbitration under ORS 742.520; costs.

Section 742.524 - Contents of personal injury protection benefits; deductibles.

Section 742.525 - Provider charges.

Section 742.526 - Primary nature of benefits.

Section 742.528 - Notice of denial of payment of benefits.

Section 742.530 - Exclusions from coverage.

Section 742.534 - Reimbursement of other insurers paying benefits; arbitrating issues of liability and amount of reimbursement.

Section 742.536 - Notice of claim or legal action to insurer; insurer to elect manner of recovery of benefits furnished; lien of insurer.

Section 742.538 - Subrogation rights of insurers to certain amounts received by injured person; recovery actions against persons causing injury.

Section 742.544 - Reimbursement for benefits paid.

Section 742.546 - Required disclosure in release for bodily injuries related to personal injury protection benefits.

Section 742.548 - Required language in disclosure; conditions for rescission of release.

Section 742.554 - Disclosures required by insurer to motor vehicle owner when insurer declares vehicle total loss.

Section 742.558 - Dispute resolution process for total loss vehicles.

Section 742.560 - Definitions for ORS 742.560 to 742.572.

Section 742.562 - Grounds for cancellation of policies; notice required; applicability.

Section 742.564 - Manner of giving cancellation notice.

Section 742.566 - Renewal of policies; replacement policy in lieu of renewal; requirements for refusal to renew.

Section 742.585 - Definitions for ORS 742.585 to 742.600.

Section 742.590 - Personal vehicle sharing program requirements.

Section 742.595 - Assumption of liability; exceptions; indemnification; prohibition on policy cancellation.

Section 742.600 - Limitation on insurance policy reclassification for personal vehicle sharing program vehicle.

Section 742.690 - Limitations on cancellation; refusal to issue or renew insurance.

Section 742.700 - Definitions for ORS 742.700 to 742.710.

Section 742.702 - Grounds for cancellation; notice.

Section 742.706 - Renewal; nonrenewal.

Section 742.710 - Exemptions from provisions of ORS 742.700 to 742.708.