Oregon Code § 742.392·Enacted ·Last updated March 01, 2026
Statute Text
Termination of reimbursement insurance policy.
An insurer that issues a
reimbursement insurance policy shall not terminate the policy until a notice of
termination has been mailed or delivered to the Director of the Department of
Consumer and Business Services. The notice of termination shall be mailed or
delivered to the director at least 30 days prior to the date of termination.
The termination of a reimbursement insurance policy shall not reduce the issuers
responsibility for service contracts sold by or on behalf of obligors prior to
the date of the termination. [1995 c.801 §8]
Note:
See note under 742.390.
MEDICAL MALPRACTICE
INSURANCE
Plain English Explanation
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Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 742.392
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
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