Or. Admin. Code § 836-200-0130

Current through Register Vol. 64, No. 1, January 1, 2025

Section 836-200-0130 - Reimbursement Insurance Policy

(1) A reimbursement insurer must deliver to the warrantor and the Director of the Department of Consumer and Business Services the written notice of cancellation for a reimbursement insurance policy as required by Section 6(2), Ch. 685, Oregon Laws 2007 not later than 30 days prior to the effective date of the cancellation.

(2) A warrantor must discontinue offering vehicle protection product warranties as of the date of cancellation of the reimbursement insurance until the warrantor obtains new reimbursement insurance.

(3) A warrantor must deliver a copy of the new reimbursement policy to the Director within 10 business days of the warrantor's receipt of the new reimbursement policy.

Or. Admin. Code § 836-200-0130

ID 4-2008, f. & cert. ef. 4-7-08

Stat. Auth.: ORS 731.244; 2007 OL Ch. 685, Sec. 11

Stats Implemented: 2007 OL Ch. 685, Sec. 5 & 6