Oregon § 742.554 Disclosures required by insurer to motor vehicle owner when insurer declares vehicle total loss

Oregon Statutes

§ 742.554 — Disclosures required by insurer to motor vehicle owner when insurer declares vehicle total loss

Oregon § 742.554

Vol.18

Title 56Insurance

Ch. 742Insurance Policies Generally; Property and Casualty Policies

This text of Oregon § 742.554 (Disclosures required by insurer to motor vehicle owner when insurer declares vehicle total loss) 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. § 742.554 (2026).

Text

When an insurer declares a motor vehicle a total loss and offers to make a cash settlement to an insured or third-party owner of the motor vehicle, the insurer shall provide the insured or third-party owner:

(1)Any valuation or appraisal reports relied upon by the insurer to determine value; and

(2)A written statement in a form provided by the Director of the Department of Consumer and Business Services that includes:

(a)Information about total loss, vehicle valuation and the duties of the insurer; and

(b)The manner in which and under what circumstances the insured may contact the Division of Financial Regulation of the Department of Consumer and Business Services.

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When an insurer declares a motor vehicle a total loss and offers to make a cash settlement to an insured or third-party owner of the motor vehicle, the insurer shall provide the insured or third-party owner:
(1) Any valuation or appraisal reports relied upon by the insurer to determine value; and
(2) A written statement in a form provided by the Director of the Department of Consumer and Business Services that includes:
(a) Information about total loss, vehicle valuation and the duties of the insurer; and
(b) The manner in which and under what circumstances the insured may contact the Division of Financial Regulation of the Department of Consumer and Business Services.