View this article online: https://www.insurancejournal.com/news/west/2020/07/23/576734.htm
The Oregon Department of Consumer and Business Services’ Division of Financial Regulation extended its emergency orders for property/casualty, long-term care and life and disability insurance.
The department made a similar extension announcement in June.
The orders mean that the most common insurance policies, such as auto, home, term and whole life, and long-term care, provide one-time minimum grace periods for people to pay premiums and protect people by mandating how long claims must be paid.
Three of the orders – long-term care, life and disability, and the order for all other lines of insurance – will be extended until Aug. 21.
The property/casualty order will be extended until July 31. The division is working with industry representatives to update the property/casualty order. The division plans to issue a new property/casualty order by Aug. 1.
The emergency order extensions can be found on the division’s COVID-19 regulated businesses page.