2015 ORS § 806.140¹
  • issuance
  • cancellation

(1) The Department of Transportation shall issue a certificate of self-insurance for purposes of financial responsibility requirements under ORS 806.060 (Methods of compliance) and future responsibility filings under ORS 806.240 (Proof of compliance with future responsibility filing requirement) to any person who qualifies under ORS 806.130 (Self-insurance).

(2) The department may cancel a certificate of self-insurance issued under this section upon reasonable grounds. Failure to pay any judgment described under ORS 806.040 (Judgments for which financial responsibility requirements established) within 30 days after it has become final constitutes reasonable grounds for cancellation under this subsection. The department shall give not less than five days notice and a hearing pursuant to such notice before the department may cancel under this subsection. [1983 c.338 §850]