Oregon has updated its administrative rules relating to assessments against insurers to fund regulatory functions.
The rulemaking, OAR 836-009-0011, implements recently enacted legislation (ch. 560 Oregon Laws 2007, Enrolled HB 3484) amending ORS 731.804, and authorizes the Department of Business and Consumer Services to assess a premium on Oregon insurance policies to fund DCBS’s regulatory functions under the Insurance Code. The amendment eliminates the exemption from assessment that has applied to annuity premium.
This rulemaking makes a conforming change to the Insurance Division’s rule that implements the assessment authority and took effect on Sept. 14. For more details on the rule, visit www.insurance.oregon.gov/rules/attachments/recently%20proposed/id06-2007_rule.pdf
Source: DCBS
Topics Legislation Oregon
Was this article valuable?
Here are more articles you may enjoy.
Fingerprints, Background Checks for Florida Insurance Execs, Directors, Stockholders? 
What Analysts Are Saying About the 2026 P/C Insurance Market 
Florida Engineers: Winds Under 110 mph Simply Do Not Damage Concrete Tiles 
AIG’s Zaffino: Outcomes From AI Use Went From ‘Aspirational’ to ‘Beyond Expectations’ 
