Oregon Revised Statutes Chapter 742 § 742.462 — Insurers right to settle claims
Oregon Revised Statutes Chapter 742 ·
Oregon Code § 742.462·Enacted ·Last updated March 01, 2026
Statute Text
Insurers right to settle claims.
The insurer shall have the right to settle any claim covered by the policy, and
if such settlement is made in good faith, the amount thereof shall be
deductible from the limits of liability specified in respect to a motor vehicle
liability insurance policy. [Formerly 486.564 and then 743.784]
Plain English Explanation
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Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 742.462
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
This section of Oregon law addresses Insurers right to settle claims. 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 § 742.462. Use this format in legal documents and court filings.
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