Trade Regulation

ORS 646A.438
Reimbursement insurance

  • requirements
  • insurer qualifications

(1)

A warrantor shall obtain a reimbursement insurance policy from a qualified reimbursement insurer that covers all liability to the consumer under all vehicle protection product warranties a warrantor issues. A qualified reimbursement insurer is:

(a)

An insurer authorized to transact insurance in this state under a certificate of authority issued in accordance with the Insurance Code; or

(b)

A surplus lines insurer.

(2)

The Department of Consumer and Business Services may not require any other financial security requirements or financial standards for warrantors. [2007 c.685 §5]
Source

Last accessed
May 26, 2023

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