Oregon Statutes 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:
Terms Used In Oregon Statutes 806.040
- Appeal: A request made after a trial, asking another court (usually the court of appeals) to decide whether the trial was conducted properly. To make such a request is "to appeal" or "to take an appeal." One who appeals is called the appellant.
- Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
- Person: includes individuals, corporations, associations, firms, partnerships, limited liability companies and joint stock companies. See Oregon Statutes 174.100
- Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
- United States: includes territories, outlying possessions and the District of Columbia. See Oregon Statutes 174.100
(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]