Or. Admin. Code § 836-050-0150 - Advance Payments
(1) The
notice required by ORS
12.155 shall contain the
following:
(a) The time and location of the
occurrence in regard to which the advance payment is made.
(b) A statement to the effect that the amount
of any advance payment will be credited against any judgment entered in favor
of the payee.
(c) The following
words: "The period of limitation for commencement of an action for damages as
set by Chapter 12 of Oregon Revised Statutes will expire on _____", or such
other similar words as the Director of the Department of Consumer and Business
Services approves.
(d) The
signature of a person authorized to act for the insurer.
(e) The date on which notice is transmitted
to the party entitled to the advance payment.
(2) The type size used in the portion of the
notice described in section (1)(c) of this rule shall not be smaller than the
type used for other typed or printed material required by this rule and shall
not be arranged or displayed in such a way as to obscure the content of the
notice.
Notes
Stat. Auth.: ORS 12.155 & 731.244
Stats. Implemented: ORS 12.155
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