(1) When insurance is the method chosen to prove financial responsibility, the certificate of insurance shall be signed by an authorized company representative and shall contain the following information:
(a) The date on which the policy was issued.
(b) The name and address of the named insured.
(c) The policy number.
(d) The amount of coverage in terms of the liability limits stated in ORS 682.105.
(2) The policy of insurance for which the certificate is given shall not be canceled or terminated except upon the giving of 10 daysí prior written notice to the Department of Human Services. However, an insurance policy subsequently procured and certified to the department shall, on the date the certificate is filed with the department, terminate the insurance previously certified with respect to any owner or vehicle designated in both certificates.
(3) The vehicle policy need not insure any liability under any workerís compensation, nor any liability on account of bodily injury to or death of an employee of the insured while engaged in the employment of the insured, or while engaged in the operation, maintenance or repair of a vehicle nor any liability for damage to property owned by, rented to, in charge of or transported by the insured.
(4) The requirements for a vehicle liability policy and certificate of insurance may be fulfilled by the policies and certificates of one or more insurance carriers which policies and certificates together meet such requirements. [Formerly 823.110]Section: Previous 682.080 682.085 682.089 682.090 682.095 682.100 682.105 682.107 682.109 682.110 682.111 682.113 682.115 682.117 682.120 Next
Last modified: August 7, 2008