Oregon § 742.492 Duration of reduction

Oregon Statutes

§ 742.492 — Duration of reduction

Oregon § 742.492

Vol.18

Title 56Insurance

Ch. 742Insurance Policies Generally; Property and Casualty Policies

This text of Oregon § 742.492 (Duration of reduction) 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. § 742.492 (2026).

Text

Except as otherwise provided in this section, the premium reduction required by ORS 742.490 (1) shall be effective for an insured for a three-year period after successful completion of the approved course if the person is less than 70 years of age at the time of taking the course or for a two-year period after successful completion of an approved course if the person is 70 years of age or more at the time of taking the course. An insurer may require, as a condition of maintaining the discount, that the insured:

(1)Not be involved in an accident for which the insured is at fault; and

(2)Not be convicted of or plead guilty or nolo contendere to a moving traffic violation.

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Except as otherwise provided in this section, the premium reduction required by ORS 742.490 (1) shall be effective for an insured for a three-year period after successful completion of the approved course if the person is less than 70 years of age at the time of taking the course or for a two-year period after successful completion of an approved course if the person is 70 years of age or more at the time of taking the course. An insurer may require, as a condition of maintaining the discount, that the insured:
(1) Not be involved in an accident for which the insured is at fault; and
(2) Not be convicted of or plead guilty or nolo contendere to a moving traffic violation.