(1) To meet the financial responsibility requirements, a person must be able to respond in damages in amounts not less than those established under the payment schedule under ORS 806.070.
(2) A person may only comply with the financial responsibility requirements of this state by establishing the required ability to respond in damages in one of the following ways:
(a) Obtaining a motor vehicle liability policy meeting the requirements under ORS 806.080 that will provide at least minimum limits necessary to pay amounts established under the payment schedule under ORS 806.070.
(b) Becoming self-insured as provided under ORS 806.130. [1983 c.338 §842; 1985 c.16 §426; 1995 c.41 §5; 2003 c.175 §5]
Structure 2021 Oregon Revised Statutes
Volume : 19 - Utilities, Vehicle Code, Watercraft, Aviation
Chapter 806 - Financial Responsibility Law
Section 806.010 - Driving uninsured prohibited; penalty.
Section 806.011 - Proof of insurance; rules.
Section 806.020 - Exemptions from financial responsibility requirements.
Section 806.040 - Judgments for which financial responsibility requirements established.
Section 806.050 - Falsification of financial responsibility; penalty.
Section 806.055 - Giving false information about liability insurance to police officer; penalty.
Section 806.060 - Methods of compliance.
Section 806.070 - Minimum payment schedule.
Section 806.130 - Self-insurance.
Section 806.140 - Certificate; issuance; cancellation.
Section 806.150 - Department verification program; rules.
Section 806.195 - Information submitted by insurers; rules; use.
Section 806.200 - Failure to file after accident; penalty.
Section 806.210 - Exemption from requirement to file after accident.
Section 806.220 - Failure to file after failing verification; penalty.
Section 806.230 - Failure of previous violator to file.
Section 806.245 - Termination of future responsibility filing requirement; reasons.
Section 806.270 - Certificate of insurance; requirements; presumption of completeness.