The Oregon Department of Consumer and Business Services has issued emergency orders related to COVID-19 for insurance companies providing property/casualty, long-term care, and life and disability insurance.
The orders require insurance companies providing these policies to do the following:
- Provide at least a 60-day grace period to pay any past-due premiums;
- Pay claims for any covered losses during the first 30 days of the grace period;
- Extend all deadlines for reporting claims and other communications, and provide members with communication options that meet physical distancing standards.
The orders are effective through June 23, but can be extended in 30-day increments as needed to address the COVID-19 outbreak.
An emergency order March 25 applied to all lines of insurance other than health, property/casualty, long-term care, and life and disability insurance. That order has been extended to June 23.
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