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Oregon insurance laws

Insurance regulations, rate filing requirements, department info, and recent bulletins for Oregon. Updated Mar 31, 2026.

Department of Insurance

DepartmentOregon Department of Consumer and Business Services - Division of Financial Regulation
CommissionerTK Keen
Rate Filing SystemMixed (Prior Approval for health and workers comp; File & Use for most property/casualty)
Regulatory CodeORS Title 56 (Chapters 731-752, 806)
Overview

Oregon operates a comprehensive insurance regulatory framework under the Division of Financial Regulation (DFR). The state employs a mixed rate system with prior approval required for health insurance and workers compensation, while most property and casualty lines use file-and-use. Oregon has been particularly active in wildfire-related insurance regulation, mental health parity enforcement, and drug price transparency initiatives.

Auto Insurance

Min Pd$20,000
Pip Min$15,000
StatuteORS Chapter 806 (Financial Responsibility Law), ORS Chapter 742 (Motor Vehicle Liability Insurance)
Fault SystemTort/Comparative Negligence
Min Bi Per Person$25,000
Uninsured Penalty$265-$1,000 fine, Class B traffic violation, 3-year SR-22 filing requirement
Min Bi Per Accident$50,000
Sr22 Duration Years3 years (reduced to 1 year for uninsured driving convictions after Jan 1, 2026 per SB 840)
Avg Full Coverage Premium$2,121

Notable Laws

  • ORS 806.010 - Driving uninsured prohibited, Class B traffic violation with fines up to $1,000
  • ORS 806.080 - Mandatory uninsured and underinsured motorist coverage (UM/UIM) at same limits as liability
  • ORS 742.518 - Required $15,000 minimum Personal Injury Protection (PIP) coverage per person
  • SB 840 (2025) - Reduced SR-22 filing period from 3 years to 1 year for driving uninsured convictions starting Jan 1, 2026
  • Modified comparative negligence rule - injured party can recover if less than 51% at fault

Homeowners Insurance

StatuteORS Chapter 742 (Property Insurance), ORS Chapter 746 (Trade Practices), ORS 735.045 (FAIR Plan)
Wind PoolNone (no dedicated wind pool; standard homeowners policies cover wind damage)
Fair Plan NameOregon FAIR Plan Association (OFPA)

Notable Laws

  • SB 82 (2023) - Prohibits insurers from using state wildfire risk maps to cancel/deny coverage or increase premiums
  • ORS 746.687 - 30-day nonrenewal notice required; 10-day cancellation notice for non-payment, 30 days for other reasons
  • ORS 746.661 - Credit scoring allowed but cannot be sole basis for declining coverage; restrictions on use for cancellation
  • SB 82 (2023) - Requires 24-month rebuild timeline for wildfire-damaged properties
  • Bulletin 2024-7 - Insurers must file underwriting guidelines showing consideration of wildfire mitigation actions

Recent Bulletins

Withdrawal of Bulletin DFR 2024-3

#DFR 2026-22026-02-13

Reinstates requirement for prescription drug manufacturers to file mandatory annual price increase reports following Ninth Circuit Court ruling

View bulletin

Affordable Housing Commercial Property and Liability Insurance Export List — Oregon SB 829 (2025)

#DFR 2026-12026-01-21

Establishes export list for affordable housing risks allowing surplus lines placement without diligent search of admitted market

View bulletin

Providing relief and assistance to individuals affected by the federal government shutdown

#DFR 2025-82025-10-20

Encourages insurers to provide 30-day grace periods, waive late fees, avoid cancellations, and extend claim deadlines for consumers affected by federal shutdown

View bulletin

Health benefit plan coverage of gender-affirming treatment under ORS 743A.325 and OAR 836-053-0441

#DFR 2025-42025-05-15

Establishes WPATH-8 standards as minimum for gender-affirming treatment coverage, outlines network adequacy and training requirements

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Requirement of insurers to file underwriting guidelines

#DFR 2024-72024-05-10

Reminds insurers to file underwriting guidelines; requires homeowners filings to address wildfire risk mitigation actions per SB 82

View bulletin

Recent Law Changes

SB 8402025Auto Insurance

Vehicle Insurance and DMV Provisions Reform

Reduces SR-22 filing period from 3 years to 1 year for driving uninsured convictions; eliminates mandatory 1-year suspension for uninsured accidents; modifies proof of coverage requirements. Effective January 1, 2026.

SB 8292025Commercial Insurance

Affordable Housing Insurance Export List

Authorizes surplus lines export list for affordable housing commercial property and liability insurance, allowing placement without diligent search of admitted market due to limited availability.

HB 25642025Health Insurance

Health Insurance Rate Review Enhancement

Enhances Oregon's health insurance rate review process for individual and small group health benefit plans by requiring additional reporting and analysis from health insurers.

SB 8222025Health Insurance

Network Adequacy Standards Expansion

Extends Oregon's network adequacy standards to large group health benefit plans and introduces clear rules for telemedicine provider networks to improve healthcare access.

HB 21302025Life Insurance

Insurance Guaranty Association Coverage Increase

Increases maximum claim payment limit from $300,000 to $600,000 for Oregon Insurance Guaranty Association for insolvencies occurring on or after January 1, 2025.

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