742.206
Insuring agreement.
A fire insurance policy shall contain provisions as follows: “In consideration
of the provisions and stipulations herein or added hereto and of _____ dollars
($_____) premium this company, for the term of _____ from the _____ day of _____,
2___, to the ___ day of _____, 2___, at 12:01 a.m., at location of property
involved, to an amount not exceeding _____ dollars ($_____), does insure _____
and legal representatives, to the extent of the actual cash value of the
property at the time of loss, but not exceeding the amount which it would cost
to repair or replace the property with material of like kind and quality within
a reasonable time after such loss, without allowance for any increased cost of
repair or reconstruction by reason of any ordinance or law regulating
construction or repair, and without compensation for loss resulting from
interruption of business or manufacture, nor in any event for more than the
interest of the insured, against all direct loss by fire, lightning and by
removal from premises endangered by the perils insured against in this policy,
except as hereinafter provided, to the property described hereinafter while
located or contained as described in this policy, or pro rata for five days at
each proper place to which any of the property shall necessarily be removed for
preservation from the perils insured against in this policy, but not elsewhere.
“Assignment of
this policy shall not be valid except with the written consent of this company.
“This policy is
made and accepted subject to the foregoing provisions and stipulations and
those hereinafter stated, which hereby are made a part of this policy, together
with such other provisions, stipulations and agreements as may be added hereto,
as provided in this policy.
“In witness
whereof, this company has executed and attested these presents.
__________________
Secretary.
__________________
President.”
[Formerly 743.609]
Notes of Decisions
Cited in
9
cases (
2 in the last 5 years), 1993–2022 · leading case:
State v. Ramos, 368 P.3d 446 (Or. 2016).
State v. Ramos, 368 P.3d 446 (Or. 2016).
“, ORS 742.206 - 742.242 (setting forth standard fire insurance policy provisions and procedures).”
Fleming v. United Servs. Auto. Ass'n, 996 P.2d 501 (Or. 2000).
· cites it 3× “204, no fire insurer, its officers or agents, shall use any fire insurance policy or renew any fire insurance policy on property in this state unless it contains the provisions set forth in ORS 742.206 to [ORS] 742.242, which shall form a portion of the contract between the…”
Moore v. Mut. of Enumclaw Ins., 855 P.2d 626 (Or. 1993).
“204, no fire insurer, its officers or agents, shall use any fire insurance policy or renew any fire insurance policy on property in this state unless it contains the provisions set forth in ORS 742.206 to 742.242, which shall form a portion of the contract between the insurer…”
Hoffman v. Foremost Signature Ins., 989 F. Supp. 2d 1070 (D. Or. 2013).
· cites it 6× “” The pronoun "its” must refer to "the company” because no other noun is referenced in the provision.”
West Am. Ins. v. Hernandez, 669 F. Supp. 2d 1211 (D. Or. 2009).
“021 because it requires all fire insurance policies to contain "the provisions set forth in ORS 742.206 to 742.242.” However, § 742.202 itself contains a reference to § 742.”
State Farm Fire & Cas. Co. v. Jensen (D. Or. 2022).
· cites it 10× “this company . . . does insure . . . to the extent of the actual cash value of the property at the time of the loss, but not exceeding the amount which it would cost to repair or replace the property with material of like kind and quality within a reasonable time after such…”
State v. Ramos (Or. 2016).
“, ORS 742.206 - 742.242 (setting forth stan- dard fire insurance policy provisions and procedures).”
Annotations are extracted automatically from the opinions in the
Syfert caselaw corpus and ranked by authority, recency, and
treatment. Dots show Syfertize treatment of the citing case itself.