Oregon Administrative Rules
Chapter 836 - DEPARTMENT OF CONSUMER AND BUSINESS SERVICES, INSURANCE REGULATION
Division 85 - PRACTICES INJURIOUS TO PUBLIC OR FREE COMPETITION
Section 836-085-0055 - Cancellation and Renewal of Commercial Package Policies

Universal Citation: OR Admin Rules 836-085-0055

Current through Register Vol. 63, No. 9, September 1, 2024

(1) A commercial package policy that includes commercial liability insurance coverage is subject to ORS 742.702 (Grounds for cancellation) and ORS 742.706(Renewal), governing the cancellation and renewal of commercial liability insurance policies. For purposes of this rule, "commercial liability insurance" has the meaning given that term in ORS 731.074 ("Commercial liability insurance").

(2) An insurer may cancel a commercial package policy that includes commercial liability insurance if:

(a) At least 10 working days prior written or electronic notice is given for non-payment of premium; or

(b) At least 30 days prior written or electronic notice is given for any other statutorily permitted reason.

(3) An insurer may nonrenew a commercial package policy that includes commercial liability insurance if at least 45 days prior written notice or electronic notice is given.

(4) Sections (2) and (3) do not apply to a commercial package policy subject to the exemptions set forth in ORS 742.710.

(5) OAR 836-058-0055 does not apply to a commercial package policy cancelled at the request of the insured.

Statutory/Other Authority: ORS 731.244, 742.702, 742.706 & 742.710

Statutes/Other Implemented: 742.702

Disclaimer: These regulations may not be the most recent version. Oregon may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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