As used in ORS 646A.430 to 646A.450:
(1) “Consumer” means a person in this state who purchases a vehicle protection product or who possesses a vehicle protection product and is entitled to enforce a warranty for the product by reason of the person’s possession.
(2) “Reimbursement insurance policy” means an insurance policy issued to a warrantor that:
(a) Reimburses the warrantor for expenses or other obligations the warrantor incurs in complying with the terms and conditions in a vehicle protection product warranty; or
(b) Pays on a warrantor’s behalf all obligations due under the terms and conditions of the warrantor’s vehicle protection product warranty.
(3) “Reimbursement insurer” means an insurer that issues a reimbursement insurance policy.
(4) “Seller” means a person engaged in the business of offering a vehicle protection product for sale to a consumer.
(5) “Vehicle protection product” means a product, system or service that is designed to prevent a particular type of loss or damage to a vehicle from theft, and that is:
(a) Provided as a product or system that is installed on or applied to a vehicle or provided as a service for a specific vehicle; and
(b) Accompanied by a written warranty.
(6) “Warrantor” means a person named under the terms of a vehicle protection product warranty as the contractual obligor to the consumer. “Warrantor” does not include an authorized insurer that provides a warranty reimbursement insurance policy. [2007 c.685 §1]
Note: Sections 14 and 15, chapter 685, Oregon Laws 2007, provide:
Sec. 14. (1) Sections 1 to 11 of this 2007 Act [646A.430 to 646A.450] and the amendments to ORS 646.608 by section 13 of this 2007 Act apply to persons conducting business in this state as warrantors on or after the operative date specified in section 15 of this 2007 Act [July 1, 2008].
(2) Sections 1 to 11 of this 2007 Act and the amendments to ORS 646.608 by section 13 of this 2007 Act apply to insurers that offer reimbursement insurance policies in this state on or after the operative date specified in section 15 of this 2007 Act.
(3) Sections 1 to 11 of this 2007 Act and the amendments to ORS 646.608 by section 13 of this 2007 Act apply to transactions for vehicle protection products conducted on or after the operative date specified in section 15 of this 2007 Act. [2007 c.685 §14]
Sec. 15. (1) Sections 1 to 12 of this 2007 Act [646A.430 to 646A.452] and the amendments to ORS 646.608 by section 13 of this 2007 Act become operative on July 1, 2008.
(2) The Director of the Department of Consumer and Business Services may take any action before the operative date specified in this section that is necessary to enable the director to exercise, on and after the operative date specified in this section, all the duties, functions and powers conferred on the director by sections 1 to 11 of this 2007 Act [646A.430 to 646A.450] and the amendments to ORS 646.608 by section 13 of this 2007 Act. [2007 c.685 §15]
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