Oregon Property & Casualty Insurance License Exam — All Questions

What are Oregon's minimum bodily-injury auto liability limits?

• a.$15,000 per person / $30,000 per accident
• b.$25,000 per person / $50,000 per accident✓
• c.$50,000 per person / $100,000 per accident
• d.$30,000 per person / $60,000 per accident

Under ORS 806.070, Oregon's minimum motor-vehicle bodily-injury limits are $25,000 per person and $50,000 per accident (confirmed at oregon.public.law/statutes/ors_806.070). Because minimums can change, verify the current limits with the Oregon Division of Financial Regulation.

What is Oregon's minimum property-damage liability limit for an auto policy?

• a.$20,000 per accident✓
• b.$5,000 per accident
• c.$25,000 per accident
• d.$10,000 per accident

ORS 806.070 sets Oregon's minimum property-damage liability limit at $20,000 per accident, alongside the 25/50 bodily-injury minimums, for the 25/50/20 requirement. These are statutory minimums that can change; confirm current figures with the Oregon Division of Financial Regulation.

How is Oregon's auto liability system best characterized with respect to the right to sue?

• a.A no-fault state that restricts auto injury lawsuits
• b.A verbal-threshold no-fault state
• c.A tort ('at-fault') state in which the injured party keeps the right to sue the at-fault driver✓
• d.A state with no financial-responsibility requirement

Oregon is a tort, or at-fault, state: it is not on the Insurance Information Institute's list of no-fault states, so an injured person keeps the right to sue the at-fault driver for damages. Compulsory liability coverage still applies under Oregon's financial-responsibility law. Note that Oregon also mandates additional coverages such as PIP and uninsured motorist protection; verify current requirements with the Oregon Division of Financial Regulation.