Oregon Administrative Rules
Chapter 340 - DEPARTMENT OF ENVIRONMENTAL QUALITY
Division 174 - UNDERGROUND STORAGE TANK INSURANCE COPAYMENT PROGRAM
Section 340-174-0080 - Insurance Cancellation and Termination
Current through Register Vol. 63, No. 3, March 1, 2024
(1) The insurance copayment benefits will terminate:
(2) An insurer receiving copayment shall notify the Department within 15 days after sending a notice of intent to cancel to the insured. This notice shall describe the reason for the intent to cancel.
(3) An insurer receiving copayment under these rules shall notify the Department within 30 days after insurance coverage has been terminated or cancelled. The notice written shall include:
(4) Within 30 days after receiving a returned insurance premium, the applicant must return the copayment portion to the Department.
(5) When returning premiums copayed under these rules, the insurer shall pay the returned premium in the form of a check with payment to both the insured and the Department.
(6) The copayment of insurance is subject to monies being available from the Underground Storage Tank Insurance Fund.
Stat. Auth.:ORS 466.706-466.895 &466.995
Stats. Implemented: OL 1991, Ch. 863, Sec. 38 - 43a