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Property and Casualty

COVID-19 Report

close up of a coronavirus molecule

Property and Casualty

COVID-19 Report

Oregon

For Benefits Compliance specific state updates for Oregon click here.

On March 25, 2020, the Oregon Department of Consumer and Business Services issued a temporary emergency order to all insurance companies requiring them to extend grace periods for premium payments, postpone policy cancellations and nonrenewals, and extend deadlines for reporting claims.

The order stated that insurance companies must do the following:

  • Institute a grace period for premium payments on all insurance policies issued in the state
  • Suspend all cancellations and nonrenewals for active insurance policies
  • Extend all deadlines for consumers to report claims and communicate about claims

Provide consumers the ability to make premium payments and report claims while maintaining safe social distancing standards

The order is effective immediately and will be in force through at least April 23. If necessary, the department may extend the duration of this temporary order.

OR Temporary Order
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April 16, 2020

On April 10, 2020 the Division of Financial Regulation issued Bulletin No. DRF 2020-10 providing guidance to workers compensation insurers and employers paying employees furloughed due to pandemic-related closures.

OR Bulletin No. DRF 2020-10

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April 16, 2020

On April 10, 2020 the Division of Financial Regulation issued Bulletin No. DRF 2020-09 providing guidance to employers and workers compensation insurers regarding changes in operations due to public health measures in response to the COVID-19 pandemic.

OR Bulletin No. DRF 2020-09

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May 08, 2020

On April 23, 2020, the Oregon Division of Financial Regulation issued a press release in which it praised those auto insurers that are issuing premium refunds, credits and extended coverage resulting from the impact of the pandemic, also providing a list of such auto insurers.

OR Press Release


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May 08, 2020

On April 23, 2020, the Oregon Division of Financial Regulation issued a press release announcing an extension of the duration of its premium forbearance order through May 23, 2020.

OR Extension of DCBS Order

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May 08, 2020

On April 22, 2020, the Oregon Division of Financial Regulation issued Bulletin No. DFR 2020-11 encouraging insurers to extend coverage for personal delivery drivers and encouraging insurers to limit the application of commercial delivery exclusions during the COVID-19 outbreak.

OR Bulletin No. DFR 2020-11

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June 01, 2020

On May 24, 2020, the Oregon Department of Consumer and Business Services issued a press release in which it extended premium forbearance requirements to P&C insurers, including:

  • Requires insurers to give policyholders a minimum grace period of 60 days to pay any premium payments
  • Requires insurers to offer a three-month grace period for policies purchased using advanced premium tax credits
  • Prevents an insurer from cancelling or nonrenewing a policy solely because of a claim directly resulting from the circumstances of the COVID-19 outbreak
  • Orders insurers to take the following actions:
  • Extend all deadlines for insureds to report claims or submit other communications related to claims
  • Suspend all involuntary cancellations and nonrenewals for all health insurance policies
  • Pay claims incurred during first month of a grace period, according to the terms of the policy
  • Provide consumers the ability to make premium payments and report claims

Oregon Order

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September 04, 2020

On July 27, 2020, the Department of Consumer and Business Services issued a Temporary Administrative Order ID 5-2020 in which it reminded consumers that the prior restriction on cancellation and nonrenewal of policies during the pandemic was winding down and will not continue once the emergency order expires. The new rule provides that expiration of an emergency order is a valid reason to cancel a commercial liability police if the emergency order was the sole reason the policy was renewed.

OR Temporary Administrative Order ID 5-2020

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