Oregon Revised Statutes Chapter 742 § 742.200 — Fire
Oregon Revised Statutes Chapter 742 ·
Oregon Code § 742.200·Enacted ·Last updated March 01, 2026
Statute Text
Fire
insurance not to exceed value of property insured.
(1) No insurer, insurance producer
or insured shall knowingly issue or procure any fire insurance policy upon
property within this state for an amount which with any existing insurance
exceeds the fair value of the risk insured or of the interest of the insured
therein.
(2) This section
does not apply to insurance on stocks of merchandise or property of fluctuating
values where the reduced rate percentage value clause is made a part of the
policy. [Formerly 744.070 and then 743.603; 2003 c.364 §102]
Plain English Explanation
This Oregon statute addresses Fire
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Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 742.200
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
This section of Oregon law addresses Fire
. Read the full statute text above for details.
This page reflects the current text as of our last update. Always verify with the official Oregon legislature website for the most current version.
The formal citation is Oregon Code § 742.200. Use this format in legal documents and court filings.
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