Section 731.164 - "Home protection insurance," "home protection insurer."

OR Rev Stat § 731.164 (2019) (N/A)
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(b)(A) "Home protection insurance" does not include a home service agreement.

(B) As used in this paragraph, "home service agreement" means a contract or agreement for a specific limited duration to:

(i) Service, repair or replace in an existing home the mechanical or appliance system or the components that break down due to normal wear and tear or inherent defects; or

(ii) Provide incidental service, repair or replacement to cover leaks and failures in roofing systems.

(c) As used in this subsection, "home" means a single living unit or multiple living units, including manufactured dwellings, used primarily as residences.

(2) "Home protection insurer" means an insurer under policies of home protection insurance, other than an insurer transacting other forms of casualty insurance or any form of reinsurance. [1981 c.247 §4; 2003 c.283 §1]