Source: https://www.oregonlaws.org/ors/742.502?highlight=ORS+742.502
Timestamp: 2020-01-29 21:19:51
Document Index: 791069391

Matched Legal Cases: ['§11', '§1', '§1', '§1', '§2', '§2', '§14', '§2']

ORS 742.502 - Uninsured motorist coverage - 2017 Oregon Revised Statutes
2017 ORS Vol. 16 Chapter 742 Section 742.502
2017 ORS 742.502¹
(b) If a named insured elects lower limits, the named insured shall sign a statement to elect lower limits within 60 days after the time the named insured makes the election. The statement must acknowledge that a named insured was offered uninsured motorist coverage with the limits equal to those for bodily injury liability. The statement must have a brief summary that is not part of the insurance contract and that describes what uninsured motorist coverage provides and what the underinsured coverage provides. The summary must also state the price for coverage with limits equal to the named insured’s bodily injury liability limits and the price for coverage with the lower limits the named insured requested. The statement remains in force until a named insured rescinds the statement in writing or until the motor vehicle bodily injury liability limits are changed. The Department of Consumer and Business Services shall approve the form of statement that complies with this paragraph.
(7) As used in this section and except as otherwise provided in this subsection, “amount recovered from other motor vehicle liability insurance policies” means the proceeds of liability insurance or the proceeds received from a public body under ORS 30.260 (Definitions for ORS 30.260 to 30.300) to 30.300 (ORS 30.260 to 30.300 exclusive) that are recovered by or on behalf of the injured party. Proceeds recovered on behalf of the injured party include proceeds the injured party’s insurer receives as reimbursement for personal injury protection benefits the insurer provides to the injured person, proceeds the medical providers of the injured person receive and proceeds received as attorney fees on the claim of the injured person. If applicable liability insurance policy limits are exhausted upon payment, settlement or judgment by division among two or more injured persons, “amount recovered from other motor vehicle liability insurance policies” means the proceeds that are recovered by or on behalf of the injured person but does not include any proceeds of the liability policy that other injured persons receive. [Formerly 743.789; 1993 c.709 §11; 1997 c.808 §1; 2003 c.220 §1; 2005 c.235 §1; 2007 c.287 §2; 2007 c.782 §2; 2009 c.67 §14; 2015 c.5 §2]
Insurer’s notifica­tion of availability of increased uninsured motorist coverage satisfied require­ment of “offer” under this sec­tion. Beck v. Powell, 113 Or App 318, 832 P2d 1254 (1992), Sup Ct review denied
Underinsured motorist coverage applies only where dollar amount of tortfeasor’s policy is exceeded, notwithstanding that recovery limita­tions imposed by law may prevent full recovery of damages. Dasteur v. American Economy Ins. Co., 127 Or App 686, 874 P2d 85 (1994), Sup Ct review denied
Where policy was initially issued prior to effective date of 1993 amend­ments to this sec­tion, appropriate remedy for insurer’s failure to make re­quired offering of uninsured motorist coverage is to read into insurance contract coverage insurer should have offered. Savage v. Grange Mutual Insurance Co., 158 Or App 86, 970 P2d 695 (1999), Sup Ct review denied
Where multiple claimants obtain recovery under liability policy, pro­vi­sions of this sec­tion allowing recovery equal to amount by which underinsured motorist insurance exceeds claimant’s recovery supersede require­ment of this sec­tion that damages or death arise from vehicle insured for less than amount of underinsured motorist coverage. Takano v. Farmers Insurance Co., 184 Or App 479, 56 P3d 491 (2002), Sup Ct review denied
Under 2001 version of this sec­tion, phrase “Uninsured motorist coverage benefits” means uninsured motorist liability limits in policy of insured, not total amount of damages incurred. Vogelin v. American Family Mutual Insurance Co., 346 Or 490, 213 P3d 1216 (2009)