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2011 Oregon Revised Statutes
ORS Volume 14, Chapters 645 - 669
ORS Chapter 646a
646A.438 Reimbursement insurance; requirements; insurer qualifications.


OR Rev Stat § 646A.438 (through Leg Sess 2011) What's This?

(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]

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