Reimbursement insurance policy; contents; definitions.

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(2) For purposes of this section and ORS 742.392:

(a) "Obligor" has the meaning given in ORS 646A.152.

(b) A "reimbursement insurance policy" is a policy of insurance providing reimbursement coverage for all obligations and liabilities under the terms of the service contract issued by the obligor including claims against the obligor for return of the unearned purchase price of the service contract.

(c) "Service contract" has the meaning given in ORS 646A.154. [1995 c.801 §7]

Note: 742.390 and 742.392 were added to and made a part of the Insurance Code by legislative action but were not added to or made a part of ORS chapter 742 or any series therein. See Preface to Oregon Revised Statutes for further explanation.


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