OAR 340-174-0010: Definitions

The definitions in OAR 340-172-0010 and the following definitions apply to these rules. (1) “Insurer” means insurance agent, producing agent or company providing underground storage tank insurance meeting state and federal underground storage tank financial responsibility requirements. (2) “Premium” means cost of insurance coverage including insurance taxes, fees and surplus line fees. (3) “Insurer’s Written Quote” means a quote for UST insurance coverage on a letterhead of a state admitted insurance company, registered risk retention group, or a surplus lines agent licensed to do business in Oregon.