Oregon Statutes - Chapter 744 - Insurance Producers; Life Settlement Providers, Brokers and Contracts; Adjusters; Consultants; Third Party Administrators; Reinsurance Intermediaries; Rental Company Limited Licenses - Section 744.850 - Definitions for ORS 744.850 to 744.858.

As used in ORS 744.850 to 744.858:

(1) “Limited license” means a license issued under ORS 744.852 that authorizes a rental company to offer or sell insurance as provided in ORS 744.854.

(2) “Rental agreement” means a written agreement setting forth the terms and conditions governing use of a vehicle provided by a rental company for rent.

(3) “Rental company” means a person or entity in the business of providing vehicles to the public under a rental agreement for a period of 90 days or less.

(4) “Renter” means a person obtaining the use of a vehicle from a rental company for a period of 90 days or less.

(5) “Vehicle” means an automobile, van, minivan, sports utility vehicle, cargo van, recreational vehicle, motorcycle, all-terrain vehicle, trailer, pickup truck or truck with a gross vehicle weight of less than 26,000 pounds that does not require a commercial driver license to operate. [1999 c.485 §2; 2007 c.719 §1]

Note: 744.850 to 744.858 were added to and made a part of the Insurance Code by legislative action but were not added to ORS chapter 744 or any series therein. See Preface to Oregon Revised Statutes for further explanation.

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Last modified: August 7, 2008