Or. Admin. Code § 836-200-0130 - Reimbursement Insurance Policy
(1) A
reimbursement insurer must deliver to the warrantor and the Director of the
Department of Consumer and Business Services the written notice of cancellation
for a reimbursement insurance policy as required by Section 6(2), Ch. 685,
Oregon Laws 2007 not later than 30 days prior to the effective date of the
cancellation.
(2) A warrantor must
discontinue offering vehicle protection product warranties as of the date of
cancellation of the reimbursement insurance until the warrantor obtains new
reimbursement insurance.
(3) A
warrantor must deliver a copy of the new reimbursement policy to the Director
within 10 business days of the warrantor's receipt of the new reimbursement
policy.
Notes
Stat. Auth.: ORS 731.244; 2007 OL Ch. 685, Sec. 11
Stats Implemented: 2007 OL Ch. 685, Sec. 5 & 6
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