Oregon § 746.405 Definitions for ORS 746.405 to 746.530

Oregon Statutes

§ 746.405 — Definitions for ORS 746.405 to 746.530

Oregon § 746.405

Vol.18

Title 56Insurance

Ch. 746Trade Practices

This text of Oregon § 746.405 (Definitions for ORS 746.405 to 746.530) 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. § 746.405 (2026).

Text

As used in ORS 746.405 to 746.530, unless the context requires otherwise:

(1)“Premium finance agreement” means an agreement by which an insured or prospective insured promises to pay to a premium finance company or to its assignee the amount advanced or to be advanced under the agreement to an insurer or to an insurance producer in payment of premiums on an insurance policy together with a service charge. No mortgage, conditional sale contract or other security agreement covering property which authorizes the lienholder to pay or advance premiums for insurance with respect thereto shall be deemed to be a premium finance agreement.

(2)“Premium finance company” means a person engaged in the business of entering into premium finance agreements with insureds or of acquiring such premium fina

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As used in ORS 746.405 to 746.530, unless the context requires otherwise:
(1) “Premium finance agreement” means an agreement by which an insured or prospective insured promises to pay to a premium finance company or to its assignee the amount advanced or to be advanced under the agreement to an insurer or to an insurance producer in payment of premiums on an insurance policy together with a service charge. No mortgage, conditional sale contract or other security agreement covering property which authorizes the lienholder to pay or advance premiums for insurance with respect thereto shall be deemed to be a premium finance agreement.
(2) “Premium finance company” means a person engaged in the business of entering into premium finance agreements with insureds or of acquiring such premium finance agreements from insurance producers or other premium finance companies.