Oregon Code § 746.475·Enacted ·Last updated March 01, 2026
Statute Text
Premium finance agreements; contents; form; delivery; notice to insurer.
(1) A premium finance agreement
shall:
(a) Be dated,
signed by the insured or by any person authorized in writing to act in behalf
of the insured, and the printed portion thereof shall be in at least
eight-point type;
(b) Contain the
name and place of business of the insurance producer negotiating the related
insurance policy, the name and residence or the place of business of the
insured as specified by the insured, the name and place of business of the
premium finance company to which payments are to be made, a description of the
insurance policies involved and the amount of the premium therefor; and
(c) Set forth the
following items where applicable:
(A) The total
amount of the premiums.
(B) The amount of
the down payment.
(C) The principal
balance (the difference between items (A) and (B)).
(D) The amount of
the service charge.
(E) The balance
payable by the insured (sum of items (C) and (D)).
(F) The number of
payments required, the amount of each payment expressed in dollars, and the due
date or period thereof.
(2) The items set
out in subsection (1)(c) of this section need not be stated in the sequence or
order in which they appear in such paragraph, and additional items may be
included to explain the computations made in determining the amount to be paid
by the insured.
(3) The premium
finance company or the insurance producer shall deliver to the insured, or mail
to the insured at the address shown in the agreement, a complete copy of the
agreement.
(4) A premium
finance company shall give notice of its financing to the insurer not later
than the 30th day after the date the premium financing agreement is received by
the premium finance company. A notice given under this subsection shall be
effective whether or not the insureds policy number is set forth in the
notice. [1969 c.639 §9; 1971 c.231 §38; 1983 c.239 §3; 2003 c.364 §148]
Plain English Explanation
This Oregon statute addresses Premium finance agreements; contents; form; delivery; notice to insurer. AI-powered analysis coming soon.
Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 746.475
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
This section of Oregon law addresses Premium finance agreements; contents; form; delivery; notice to insurer. Read the full statute text above for details.
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