The Department of Transportation shall not accept a certificate of insurance for purposes of future responsibility filings from an insurance company that is not authorized to do business in Oregon unless the company meets all of the following requirements:
(1) The company must execute and deliver to the department a power of attorney authorizing the department to accept on behalf of the company service of process in any action arising out of a vehicle accident in this state involving the principal or insured of the company.
(2) The company must execute and deliver to the department a written agreement that the policy shall be deemed to conform to the laws of this state relating to such insurance policy.
(3) The company must not be in default in any of its agreements or undertakings under a certificate of insurance used for a future responsibility filing in this state. The department shall not accept any certificate of insurance from a company described in this subsection so long as such default continues. [1983 c.338 §863; 2003 c.175 §9]
Section: Previous 806.190 806.195 806.200 806.210 806.220 806.230 806.240 806.245 806.250 806.255 806.260 806.270 806.280 806.290 806.300 NextLast modified: August 7, 2008