Oregon Sample Letter to Defendant concerning Repayment of Unearned Premiums

State:
Multi-State
Control #:
US-0415LTR
Format:
Word; 
Rich Text
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This form is a sample letter in Word format covering the subject matter of the title of the form.

Subject: Oregon Sample Letter to Defendant — Repayment of Unearned Premiums Dear [Defendant’s Name], I hope this letter finds you well. I am writing on behalf of [Insurance Company Name] regarding the repayment of unearned premiums in relation to your insurance policy. We have recently reviewed your policy and determined that you are entitled to a refund for the remaining unearned premiums. After carefully assessing the policy, it has been determined that you have cancelled your insurance policy before its expiration date, thereby entitling you to receive a repayment for the unused portion. This refund is calculated based on the number of days remaining in the policy period for which you have already paid. We understand that sometimes cancellations can happen due to unforeseen circumstances or changes in insurance needs. However, the law in the state of Oregon requires us to issue a refund for any unearned premiums, ensuring that customers only pay for the coverage they used. According to our calculations, the total unearned premium amount determined for your policy is [Amount]. Please note that this amount may vary depending on the specific terms of your policy and the date of cancellation. We have enclosed a detailed breakdown of the calculations for your reference. In order to process the refund, we kindly request that you provide us with your current mailing address where we can send the refund check. Please verify the accuracy of the address provided below: [Defendant’s Name] [Address Line 1] [Address Line 2] [City, State, Zip Code] We will initiate the refund process promptly upon receiving your confirmation. The refund will be issued in the form of a check made payable to your name and mailed to the address provided. Please allow [timeframe] for processing and delivery. It is important to note that failure to receive a refund within the specified timeframe or failure to address any discrepancies with the amount refunded should be brought to our attention immediately. We aim to ensure ultimate customer satisfaction and will be happy to assist you further if needed. Thank you for your prompt attention to this matter. Should you have any questions or require additional information, please do not hesitate to contact our customer service department at [Customer Service Phone Number] or via email at [Customer Service Email Address]. We appreciate your cooperation in resolving this matter and value your continued trust in [Insurance Company Name]. Sincerely, [Your Name] [Your Title] [Insurance Company Name] Enclosure: Unearned Premium Refund Calculation Breakdown

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FAQ

PIP, which stands for ?personal injury protection,? is insurance that pays you for personal injuries that you suffer in a car crash. When you have PIP insurance, it pays you for your injuries even if you are proven to be at fault for the accident.

Personal injury protection (PIP) is a mandatory form of auto insurance coverage for all drivers in Oregon except motorcyclists. Each PIP insurance policy must provide at least $15,000 of coverage per person injured in an accident, which can be used to pay for medical expenses, lost wages and other related costs.

Med Pay isn't available in the state of Oregon, but PIP is required. It covers medical expenses that result from injury or death, regardless of who's at fault in a car accident. Those benefits may include lost wages.

Investigation. The insurance company has up to 45 days to investigate the accident to determine who is responsible for what share of the damages.

In Oregon, the statute of limitations for filing a lawsuit on personal injury claims like motor vehicle accidents or dog bites is two years from the accident date. ORS 12.110(1). That means you have two years from the date you are injured to file a lawsuit against the responsible party for compensation.

Insurance Claim Timeline in Oregon 30 days to make a decision on the claim after receiving completed proof-of-loss forms.

By law, PIP must cover at least $15,000 worth of medical expenses occurring within 365 days of the accident. Your date of treatment, not the date you were billed, determines whether or not PIP must pay the bill. The PIP policy may provide higher limits and longer time periods.

A person may not personally or otherwise offer, promise, allow, give, set off, pay or receive, directly or indirectly, any rebate of or rebate of part of the premium payable on an insurance policy or the insurance producer's commission on an insurance policy, or earnings, profit, dividends or other benefit founded, ...

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Oregon Sample Letter to Defendant concerning Repayment of Unearned Premiums