Oregon Administrative Rules
Chapter 836 - DEPARTMENT OF CONSUMER AND BUSINESS SERVICES, INSURANCE REGULATION
Division 71 - INSURANCE LICENSING
Section 836-071-0415 - Materials and Requirements of Application
Universal Citation: OR Admin Rules 836-071-0415
Current through Register Vol. 63, No. 9, September 1, 2024
(1) Prior to selling any insurance to an occupant of a self-service storage facility, an applicant shall provide written material to the Director of the Department of Consumer and Business Services for approval as required by section 4, chapter 280, Oregon Laws 2013.
(2) In addition to providing written material at the time of initial licensing, the licensee must provide the director with any materials that change during the term of the license.
(3) The written material provided must:
(a) Comply with the requirements of
section 4, chapter 280, Oregon Laws 2013; and
(b) Provide an assurance that the enrolled
customer may cancel the storage unit insurance coverage at any time and that
the person paying the premium shall receive a refund of the unused portion of
any amount that has been paid for coverage. A reasonable administrative fee may
be charged in an amount not to exceed 10 percent of the refund due.
Stat. Auth.: ORS 731.244; sect. 8, ch. 280, OL 2013
Stats. Implemented: Sects. 2 to 8, ch. 280, OL 2013
Disclaimer: These regulations may not be the most recent version. Oregon may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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