Oregon Administrative Rules
Chapter 836 - DEPARTMENT OF CONSUMER AND BUSINESS SERVICES, INSURANCE REGULATION
Division 54 - INSURANCE POLICIES
Section 836-054-0410 - Cancellations
Universal Citation: OR Admin Rules 836-054-0410
Current through Register Vol. 63, No. 9, September 1, 2024
An insurer may cancel a commercial liability policy if:
(1) The insurer was required to renew the policy by an emergency order issued by the director;
(2) The cancellation is not due to claims resulting solely from the circumstances on which the emergency order was based, except in cases of fraud or material misrepresentation;
(3) The insurer has provided 45 days written notice to the insured and insurance producer, if any; and
(4) The cancellation does not violate any other law or order by the director.
Statutory/Other Authority: ORS 731.244 & ORS 742.702
Statutes/Other Implemented: ORS 742.702 & ORS 731.870
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