Oregon Administrative Code

836-054-0120 Premium Change Explanation (1) The clear and reasonable written explanation of a premium increase required under ORS 742.075 must identify and explain each factor that significantly contributed to the premium increase as defined in OAR 836-054-0115(3), subject to the…

836-054-0125 Periodic Data Reporting (1) Each qualified insurer must report to the department no later than April 30, 2028, and no later than April 30 of every other year thereafter, the following information grouped by zip code and calendar year, for each of the two preceding ca…

836-054-0130 Form and Manner of Written Request A written request for an explanation of a premium increase made pursuant to ORS 742.075 and OAR 836-054-0110 to 836-054-0130 must be made in the form and manner prescribed by this rule: (1) The request must include the insured’s nam…

836-054-0201 Statutory Authority and Purpose OAR 836-054-0201 to 836-054-0210 are adopted pursuant to the general rulemaking authority of the Director of the Department of Consumer and Business Services to specify requirements for large deductible provisions of workers’ compensat…

836-054-0205 Definitions As used in OAR 836-054-0201 to 836-054-0210: (1) “Insurer” means any insurer authorized to write workers’ compensation insurance and includes the State Accident Insurance Fund Corporation. (2) “Large Deductible” means a provision in a workers’ compensatio…

836-054-0210 Required Content of Large Deductible Provisions An insurer which issues a workers' compensation insurance policy with a large deductible provision must file such provision with the Director for approval as required by ORS 742.003. The provision must satisfy the follo…

836-054-0300 Loan to Value (1) A mortgage insurer may provide insurance with respect to an obligation that does not exceed, solely or in combination with liens existing at the time the insured loan is made, 105 percent of the fair market value of the securing real property at the…

836-054-0400 Purpose and Scope of OAR 836-054-0410 The purpose of OAR 836-054-0400 to 836-054-0410 is to wind down an emergency order by the director of the Department of Consumer and Business Services. Under ORS 731.870, the director may order the temporary postponement of insur…

836-054-0410 Cancellations An insurer may cancel a commercial liability policy if: (1) The insurer was required to renew the policy by an emergency order issued by the director; (2) The cancellation is not due to claims resulting solely from the circumstances on which the emergen…

836-058-0010 Permitted Reasons to Exclude Named Person An insurer may exclude by name a person other than the named insured from the coverage required by ORS 742.450(2)(a) to be provided in a motor vehicle liability insurance policy issued for delivery in this state, for any of t…

836-058-0020 Exclusion from Excess Coverage (1) An insurer who excludes one or more persons as provided by law from any coverage in excess of the coverage required by ORS 742.450(2)(a) to be provided in a motor vehicle liability insurance policy issued for delivery in this state …

836-060-0000 Statutory Authority; Purpose; Effective Date (1) OAR 836-060-0000 through 836-060-0060 are adopted pursuant to the general rulemaking authority of the Director in ORS 731.244. (2) The purpose of OAR 836-060-0000 through 836-060-0060 is to protect the interests of deb…

836-060-0005 Definitions As used in OAR 836-060-0000 through 836-060-0060: (1) "Closed-End Credit" means credit other than open-end credit. (2) "Credit Health Insurance" means the kind of insurance defined in ORS 743.371 and limited by ORS 743.372. (3) "Credit Insurance" means cr…

836-060-0011 Rights and Treatment of Debtors (1) Multiple Plans of Insurance. If a creditor makes available to debtors more than one plan of credit life insurance or more than one plan of credit health insurance, the creditor must inform each debtor of all such plans. (2) Substit…

836-060-0016 Policy Forms and Related Material (1) Permissible Forms. Credit insurance shall be issued only in the forms described in ORS 743.373. (2) Rates and Forms Filing Requirements. All credit insurance policy forms, certificates of insurance, notices of proposed insurance,…

836-060-0021 Determination of Reasonableness of Benefits in Relation to Premium Charge (1) General Standard. Under ORS 742.005, benefits provided by credit insurance policies must be reasonable in relation to the premium charged. This requirement is satisfied, in the opinion of t…

836-060-0026 Credit Life Insurance Rates (1) Unless data submitted to the Director under OAR 836-060-0043 justify a higher rate in the Director's opinion, credit life insurance premium rates for the insured portion of an indebtedness repayable in equal monthly installments, when …

836-060-0027 Credit Life Reserves (1) For policies or certificates issued prior to January 1, 2001, the minimum reserve standard is the Commissioners 1958 Extended Term Insurance Table and 4.5% interest. (2) For policies or certificates issued on or after January 1, 2001, the min…

836-060-0031 Credit Health Insurance Rates (1) Unless data submitted to the Director under OAR 836-060-0043 justify a higher rate in the Director's opinion, credit health insurance premium rates for the insured portion of an indebtedness repayable in equal monthly installments, w…

836-060-0036 Refund Formulas (1) An insurer shall file for approval by the Director its refund formulas prior to their use. The following methods are considered appropriate for the plans described: (a) Pro Rata Method. The pro rata unearned gross premium method shall be used for …

836-060-0041 Experience Reports (1) Each insurer transacting credit insurance in this state shall submit an Oregon-specific Credit Insurance Experience Exhibit to the National Association of Insurance Commissioners (NAIC). If this report is discontinued as an NAIC report, the rep…

836-060-0043 Use of Rates — Direct Business Only (1) An insurer that files rates or has rates on file that are not in excess of the prima facie rates shown in OAR 836-060-0026 and 836-060-0031, to the extend adjusted pursuant to 836-060-0041 may use those rates without further pr…

836-060-0046 Supervision of Credit Insurance Operations (1) Once every rate review period established under OAR 836-060-0041(4), each insurer transacting credit insurance in this state shall be responsible for conducting a thorough review of creditors with respect to the insurer'…

836-060-0055 Prohibited Transactions The following insurer practices in connection with the sale or placement of credit insurance, or as an inducement thereto, constitute unfair methods of competition under ORS 746.160 or unfair or deceptive practices injurious to the insurance-b…

836-060-0060 Disclosure (1) When a premium or identifiable charge is payable by a debtor for credit insurance coverage offered by a creditor, disclosure shall be made to the principal debtor, at the time the insurance is applied for, of the optional nature of the coverage, the el…

836-062-0001 Statutory Authority; Effective Date (1) OAR 836-062-0001 to 836-062-0010 are adopted pursuant to the general rulemaking authority of the Director under ORS 731.244. (2) Not later than December 15, 1989, each insurer shall file with the Director a listing of all polic…

836-062-0005 Motor Vehicle Physical Damage Only Policies; Required Notice (1) An insurer providing motor vehicle property damage only coverage on a domestic risk, upon issuance of coverage, shall give notice of the limited nature of the coverage as provided in this section to the…

836-062-0010 Vendor Single Interest Policies; Required Notice (1) An insurer providing vendor’s single interest coverage shall cause notice of the limited nature of the coverage to be given as provided in this rule to the borrower to whom the policy, certificate or other document…

836-071-0101 Adjuster and Insurance Consultant License Application; Required Information (1) An applicant for an adjuster or insurance consultant license, or for a temporary adjuster permit under ORS 744.555, shall submit an application in the form and manner set forth on the dep…

836-071-0105 Additional Application Information During the review of an application, the Director may require court documents, letters of recommendation and any other information that the Director determines will assist consideration of the application. Statutory/Other Authority:…

836-071-0108 Limited Class Insurance Licenses For the purpose of ORS 744.062, the Director establishes the following classifications for limited class insurance licenses, for use on and after July 1, 2005: (1) Under a "limited class credit insurance" license, the licensee may tra…

836-071-0110 Fingerprints All applicants for a license shall furnish fingerprints required by the Director of the Department of Consumer and Business Services to the examination administrator who will perform the duties of obtaining electronically the fingerprints of applicants a…

836-071-0112 Social Security Numbers; Insurance Producer Applications (1) An applicant for an insurance producer license shall furnish the Social Security number of the applicant as provided in the application form. (2) The Director may collect Social Security numbers submitted i…

836-071-0113 Crop Insurance (1) The director designates crop insurance as a class of insurance, for the purpose of licensing crop adjusters, under the director’s authority in ORS 744.531(3). (2) To qualify as a crop adjuster, an applicant must pass an examination recognized by th…

836-071-0115 Satisfaction of Qualifications for Classes of Insurance An applicant must satisfy all applicable qualifications for each class of insurance applied for within a license category before the applicant may be issued a license. Statutory/Other Authority: ORS 731 & 744 Hi…

836-071-0117 Managing General Agents; Amount of Claims Adjustment or Payment for Purposes of Statutory Definition For the purpose of establishing under ORS 744.300 whether a person is acting as a managing general agent, the amount of $10,000 is the amount of claims that the Direc…

836-071-0118 Requirements That Must Be Completed Prior to Submitting Licensing Application All applicants for a license shall submit application materials electronically in accordance with directions provided on the department’s Division of Financial Regulation website at dfr.ore…

836-071-0120 Examination Procedure (1) The director recognizes the following examinations as adequately testing an applicant’s qualifications, competence and knowledge of the categories of insurance business and classes of insurance that the applicant intends to transact under a …

836-071-0125 Period for Completion of License Application An application for a license is invalid if the license for which the application was made has not been granted on or before the last day of the ninth month after the date on which the application was filed with the Directo…

836-071-0127 Examination Scores (1) For the purpose of obtaining authorization to transact a category or class of insurance, an applicant passes an examination for the class or category when the applicant obtains a score of 70 percent or higher, with the exception of a crop insur…

836-071-0130 Adjuster or Insurance Consultant License Renewal (1) The adjuster or insurance consultant license of an individual expires biennially in the month of the individual’s birthday anniversary. The adjuster or insurance consultant license of a person other than an individ…

836-071-0135 Renewal of Expired Adjuster or Insurance Consultant License (1) When an expired license of an individual is renewed under Oregon Laws 2019, chapter 151, the renewed license expires biennially in the month of the individual’s birthday anniversary. (2) When an expired …

836-071-0140 License Amendment An applicant for an amendment to an adjuster or insurance consultant license shall apply electronically in the manner provided for application for the initial license under Oregon Laws 2019, chapter 151. Statutory/Other Authority: ORS 731.244, 731.8…

836-071-0145 Amended License Issuance (1) When the director determines that an applicant for an amendment to a license satisfies all applicable requirements, the director shall issue to the applicant a license incorporating the amendment. (2) A license issued under this rule reta…

836-071-0146 Individual Insurance Producer License Expiration Date (1) A license issued to an individual insurance producer expires biennially in the month of the individual’s birthday anniversary. (2) For the purpose of making the transition to renewal according to birth date mo…

836-071-0148 Extended License Expiration Date, Active Military Duty and Other Extenuating Circumstances (1) An individual insurance producer who is unable to comply with license renewal procedures due to military service or another extenuating circumstance such as a long term med…

836-071-0150 Errors and Omissions Insurance; Insurance Consultants; Managing General Agents (1) The amount of insurance for which an insurance consultant must maintain a certificate of errors and omissions insurance with the Director as required by ORS 744.635 is $500,000 claims …

836-071-0160 Errors and Omissions Insurance; Reinsurance Intermediary Managers (1) The amount of insurance for which a reinsurance intermediary manager must maintain a certificate of errors and omissions insurance with the Director as required by ORS 744.818, is $500,000 claims m…

836-071-0180 Insurance Producer Pre-Examination Requirements (1) An applicant for a license as an insurance producer may take an examination for the license only if the applicant first qualifies for the examination by: (a) Satisfying pre-licensing education requirements of sectio…

836-071-0185 Qualification of Agents Selling Variable Life Insurance, Including Variable Annuities A person shall not solicit, place or procure variable life insurance contracts or policies, including variable annuities, unless the person is licensed as authorized by OAR 441-175-…