Oregon Code § 742.490·Enacted ·Last updated March 01, 2026
Statute Text
Premium reduction; conditions; application.
(1) Any rate, rating plan or rating system filed with
the Director of the Department of Consumer and Business Services for a motor
vehicle insurance policy offering liability, personal injury protection or
collision coverage, shall provide an appropriate reduction in premium charges
for such coverage if:
(a) The principal
operator of the covered vehicle is an insured 55 years of age or older.
(b) The principal
operator of the covered vehicle has successfully completed, within the
appropriate time as specified in this subsection, a motor vehicle accident
prevention course approved by the Department of Transportation. To meet the
requirements of this subsection, a course must be completed no more than three
years prior to the beginning of the policy period for which the discounted rate
applies if the person is less than 70 years of age at the time of taking the
course or no more than two years prior to the beginning of the policy period
for which the discounted rate applies if the person is 70 years of age or more
at the time of taking the course.
(c) There are no
persons under 25 years of age who regularly operate the vehicle.
(d) The vehicle
is not classified for underwriting purposes as used for a business.
(2) If the person
qualifying for a premium reduction under subsection (1) of this section is the
principal operator of two or more vehicles, the premium discount shall apply to
only one vehicle. No more than one premium discount may be applied to one vehicle.
[1989 c.379 §§2,4]