Oregon Code § 742.492·Enacted ·Last updated March 01, 2026
Statute Text
Duration of reduction.
Except as otherwise provided in this section, the premium reduction required by
ORS 742.490 (1) shall be effective for an insured for a three-year period after
successful completion of the approved course if the person is less than 70
years of age at the time of taking the course or for a two-year period after
successful completion of an approved course if the person is 70 years of age or
more at the time of taking the course. An insurer may require, as a condition
of maintaining the discount, that the insured:
(1) Not be
involved in an accident for which the insured is at fault; and
(2) Not be
convicted of or plead guilty or nolo contendere to a moving traffic violation. [1989
c.379 §3]
Plain English Explanation
This Oregon statute addresses Duration of reduction. AI-powered analysis coming soon.
Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 742.492
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
This section of Oregon law addresses Duration of reduction. 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 § 742.492. Use this format in legal documents and court filings.
Browse related sections using the links below, or search all Oregon statutes on FlawFinder.