Chapter 719 Oregon Laws 2007

AN ACT

SB 595

Relating to insurance; amending ORS 744.850; and declaring an emergency.

Be It Enacted by the People of the State of Oregon:

SECTION 1. ORS 744.850 is amended to read:

744.850. As used in ORS 744.850 to 744.858:

(1) “Limited license” means a license issued under ORS 744.852 that authorizes a rental company to offer or sell insurance as provided in ORS 744.854.

(2) “Rental agreement” means a written agreement setting forth the terms and conditions governing use of a vehicle provided by a rental company for rent.

(3) “Rental company” means a person or entity in the business of providing [motor] vehicles to the public under a rental agreement for a period of 90 days or less.

(4) “Renter” means a person obtaining the use of a vehicle from a rental company for a period of 90 days or less.

(5) “Vehicle” means an automobile, van, minivan, sports utility vehicle, cargo van, recreational vehicle, motorcycle, all-terrain vehicle, trailer, pickup truck or truck with a gross vehicle weight of less than 26,000 pounds that does not require a commercial driver license to operate.

SECTION 2. This 2007 Act being necessary for the immediate preservation of the public peace, health and safety, an emergency is declared to exist, and this 2007 Act takes effect on its passage.

Approved by the Governor June 28, 2007

Filed in the office of Secretary of State July 2, 2007

Effective date June 28, 2007

__________