2021 Oregon Revised Statutes
Chapter 806 - Financial Responsibility Law
Section 806.070 - Minimum payment schedule.


(a) An insurance policy described under ORS 806.080 must provide for payment of at least amounts necessary to cover the minimum required payments under this section to qualify for use for financial responsibility under ORS 806.060.
(b) A person who is self-insured under ORS 806.130 must agree to pay according to the payment schedule established by this section.
(c) The payment schedule is the minimum required payment of a judgment for purposes of ORS 809.130 and 809.415.
(2) The schedule of payments is as follows:
(a) $25,000 because of bodily injury to or death of one person in any one accident;
(b) Subject to that limit for one person, $50,000 because of bodily injury to or death of two or more persons in any one accident; and
(c) $20,000 because of injury to or destruction of the property of others in any one accident. [1983 c.338 §843; 1985 c.16 §427; 1995 c.41 §6; 2003 c.175 §6; 2003 c.402 §13; 2009 c.66 §2; 2021 c.630 §87]

Structure 2021 Oregon Revised Statutes

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 806.012 - Failure to carry proof of compliance with financial responsibility requirements; rules; penalty.

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 806.075 - Insurance requirements for person convicted of driving under influence of intoxicants.

Section 806.080 - Insurance.

Section 806.130 - Self-insurance.

Section 806.140 - Certificate; issuance; cancellation.

Section 806.150 - Department verification program; rules.

Section 806.190 - Insurance carrier report of person involved in accident who is in violation of ORS 806.010; civil liability.

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 806.240 - Proof of compliance with future responsibility filing requirement; filing for another; failure of proof to meet requirements.

Section 806.245 - Termination of future responsibility filing requirement; reasons.

Section 806.270 - Certificate of insurance; requirements; presumption of completeness.

Section 806.300 - Failure to surrender license and registration on cancellation of future responsibility filing; penalty.