Relating to explanations required in connection with premium increases upon renewals of certain insurance policies; and prescribing an effective date.
It became law on Jun 20, 2025.
- Stage
- Became law
- Started in
- House
- Latest action
- Jul 7, 2025
Where it stands
Introduced (Done)
Committee (Done)
Floor (Done)
Law (Done)
What it does
Requires an insurer to provide to an insured a clear and reasonable explanation of the reasons for any increase in the premium amount for a qualified policy upon renewal of the qualified policy. Specifies standards for a clear and reasonable explanation. Takes effect on the 91st day following adjournment sine die.
Where it goes next
Law in Oregon. Agencies now write the rules that carry it out, and courts can stay or strike it.
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