Oregon § 646A.438 Reimbursement insurance; requirements; insurer qualifications

Oregon Statutes

§ 646A.438 — Reimbursement insurance; requirements; insurer qualifications

Oregon § 646A.438

Vol.16

Title 50Trade Regulations and Practices

Ch. 646ATrade Regulation

This text of Oregon § 646A.438 (Reimbursement insurance; requirements; insurer qualifications) is published on Counsel Stack Legal Research, covering Oregon primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Or. Rev. Stat. § 646A.438 (2026).

Text

(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.

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(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.