2017 ORS 744.856¹
Conditions for offer or sale of insurance
  • training
  • filing officer

(1) A rental company that obtains a limited license under ORS 744.852 (Limited license for rental companies) may not offer or sell insurance pursuant to ORS 744.854 (Kinds of insurance authorized by limited license) unless:

(a) The rental agreement is for a period of 90 consecutive days or less.

(b) At every location where rental agreements are executed, written material is available to prospective renters that:

(A) Summarizes clearly and correctly the material terms of the coverage offered and identifies the insurer;

(B) Discloses that the coverage that the rental company offers might duplicate coverage that a renter’s personal motor vehicle liability insurance policy, personal liability insurance policy or other source of coverage already provides;

(C) States that purchasing the coverage offered is not required in order to rent a vehicle; and

(D) Describes the process for filing a claim.

(c) The rental company has filed the written material described in paragraph (b) of this subsection with the Director of the Department of Consumer and Business Services and the director has approved the written material.

(d) The rental agreement separately discloses the price for the coverage purchased.

(2) A rental company that obtains a limited license under ORS 744.852 (Limited license for rental companies) must conduct a training program for the rental company’s employees and designated agents concerning kinds of coverage the rental company offers. The rental company shall file the syllabus for the training program annually with the Director of the Department of Consumer and Business Services and obtain the director’s approval. The rental company shall certify annually to the director that all of the rental company’s employees and designated agents who are involved in selling or offering coverage to members of the public have completed or will complete the training program before making sales or offers. The rental company shall also certify annually to the director that the rental company’s employees and designated agents will receive continuing education on a regular basis concerning the topics covered in the training program. The Department of Consumer and Business Services may audit the rental company’s compliance with the rental company’s certification to the director and with the training program syllabus the rental company filed.

(3) A rental company that obtains a limited license under ORS 744.852 (Limited license for rental companies) may not advertise, represent or otherwise hold the rental company or employees or designated agents of the rental company out as licensed insurers or insurance producers.

(4) A rental company that obtains a limited license under ORS 744.852 (Limited license for rental companies) may offer and sell insurance only in connection with and incidental to the rental of vehicles.

(5) A rental company that obtains a limited license under ORS 744.852 (Limited license for rental companies) shall designate an executive as the statewide filing officer for the rental company. [1999 c.485 §5; 2003 c.364 §132; 2015 c.524 §2]

Note: See note under 744.850 (Definitions for ORS 744.850 to 744.858).

1 Legislative Counsel Committee, CHAPTER 744—Insurance Producers; Life Settlement Providers, Brokers and Contracts; Adjusters; Consultants; Third Party Administrators; Reinsurance Intermediaries; Limited Licenses, https://­www.­oregonlegislature.­gov/­bills_laws/­ors/­ors744.­html (2017) (last ac­cessed Mar. 30, 2018).
 
2 OregonLaws.org contains the con­tents of Volume 21 of the ORS, inserted along­side the per­tin­ent statutes. See the preface to the ORS An­no­ta­tions for more information.
 
3 OregonLaws.org assembles these lists by analyzing references between Sections. Each listed item refers back to the current Section in its own text. The result reveals relationships in the code that may not have otherwise been apparent.