(a) It must be a policy or part of a policy designating, by explicit description or by appropriate reference, all motor vehicles for which coverage is provided by the policy.
(b) It must insure the named insured and all other persons insured under the terms of the policy against loss from the liabilities imposed by law for damages arising out of the ownership, operation, use or maintenance of those motor vehicles by persons insured under the policy. The policy must include in its coverage all persons who, with the consent of the named insured, use the motor vehicles insured under the policy, except for any person specifically excluded from coverage under ORS 742.450.
(c) It must provide the minimum limits of coverage required under ORS 806.070.
(2) The requirements for the insurance may be fulfilled by the policies of one or more insurance carriers which policies together meet such requirements. [1983 c.338 §844; 1991 c.768 §8]
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.