Or. Admin. Code § 836-071-0415

Current through Register Vol. 63, No. 11, November 1, 2024

Section 836-071-0415 - Materials and Requirements of Application

(1) Prior to selling any insurance to an occupant of a self-service storage facility, an applicant shall provide written material to the Director of the Department of Consumer and Business Services for approval as required by section 4, chapter 280, Oregon Laws 2013.

(2) In addition to providing written material at the time of initial licensing, the licensee must provide the director with any materials that change during the term of the license.

(3) The written material provided must:

(a) Comply with the requirements of section 4, chapter 280, Oregon Laws 2013; and

(b) Provide an assurance that the enrolled customer may cancel the storage unit insurance coverage at any time and that the person paying the premium shall receive a refund of the unused portion of any amount that has been paid for coverage. A reasonable administrative fee may be charged in an amount not to exceed 10 percent of the refund due.

Or. Admin. Code § 836-071-0415

ID 9-2013, f. 12-31-13, cert. ef. 1-1-14

Stat. Auth.: ORS 731.244; sect. 8, ch. 280, OL 2013

Stats. Implemented: Sects. 2 to 8, ch. 280, OL 2013