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Oregon Revised Statutes

Or. Rev. Stat. § 806.040 (2026)

Judgments for which financial responsibility requirements established

✓ current as of May 2026
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      806.040 Judgments for which financial responsibility requirements established. Financial responsibility requirements are designed to provide for minimum payment of judgments of the type described in this section. For the purposes of ORS 806.130, 806.140, 809.130 and 809.470, judgments of the type described in this section must:

      (1) Have become final by expiration, without appeal, of the time within which an appeal might have been perfected or by final affirmation on appeal;

      (2) Be rendered by a court of competent jurisdiction of any state or of the United States;

      (3) Be upon a cause of action for damages of the type described under subsection (4) of this section or upon a cause of action on an agreement of settlement for such damages; and

      (4) Be for one or more of the following kinds of damage arising out of a motor vehicle accident on public or private property:

      (a) Damages, including damages for care and loss of services, because of bodily injury to or death of any person.

      (b) Damages because of injury to or destruction of property, including the loss of use thereof. [1983 c.338 §840; 1985 c.16 §424; 1987 c.258 §1; 1995 c.41 §4; 2003 c.175 §4; 2009 c.257 §10; 2021 c.630 §86]

Notes of Decisions
Cited in 2 cases, 1996–2003 · leading case: Teply v. Ballard, 922 P.2d 1236 (Or. Ct. App. 1996).
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Teply v. Ballard, 922 P.2d 1236 (Or. Ct. App. 1996). “of consortium is a consequential damage resulting from wife’s bodily injury or is a separate bodily injury to plaintiff, the FRL also specifies that financial responsibility requirements are intended to provide payment of judgments or valid settlements that meet several…”
Haynes v. Tri-Cnty. Metro. Transp., 79 P.3d 353 (Or. Ct. App. 2003). ““(2) Either: “(a) Establish to the satisfaction of the department that the person is possessed and will continue to be possessed of the ability to pay and discharge judgments described under ORS 806.040 that might be obtained against the applicant; or “(b) Be duly qualified…”
— Or. Rev. Stat. § 806.040(4)(a) — 1 case
Teply v. Ballard, 922 P.2d 1236 (Or. Ct. App. 1996). “of consortium is a consequential damage resulting from wife’s bodily injury or is a separate bodily injury to plaintiff, the FRL also specifies that financial responsibility requirements are intended to provide payment of judgments or valid settlements that meet several…”
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