{"id":"OR-008","kind":"order","level":"sector-regulator","jurisdiction":"Oregon","state":"OR","metro":"","industry":"","agency":"","eco":"","issuer":"Department of Consumer and Business Services, Division of Financial Regulation (Director Andrew Stolfi)","authority":"ORS 731.870","instrument":"Emergency Order to all insurers of March 25, 2020 (described in DFR\u0027s Emergency Order FAQ of March 31, 2020)","title":"Insurance grace periods, suspension of cancellations and nonrenewals, extension of claim deadlines","dateIssued":"2020-03-25","effective":"2020-03-25","end":"Through Apr. 23, 2020; extended Apr. 23 to May 23, 2020; replaced for P\u0026C insurers by the May 22, 2020 order (OR-019) effective May 24; health insurers May 6, 2020; other lines May 28, 2020 (end dates by line not verified)","startDate":"2020-03-25","endDate":"2020-04-23","quarters":["2020Q2"],"types":["OTHER"],"addressees":["all insurers transacting insurance in Oregon"],"clause":"The order requires all insurance companies to postpone policy cancellations and nonrenewals, extend grace periods for premium payments, and extend deadlines for reporting claims. Postponement of policy cancellations and nonrenewals is not limited to nonpayment.... The order prohibits insurers from canceling or nonrenewing policies without the consent of the insured for the duration of the order.","enforcement":"Insurance Code enforcement by the Director (ORS ch. 731)","functions":["IN insurance (billing, cancellation, claims deadlines)","CB customer base (premium relief)"],"notes":"The March 25 order\u0027s own PDF was not located; the FAQ is DFR\u0027s own contemporaneous statement of it, and the May 22 P\u0026C order (OR-019) recites its terms and the Apr. 23 extension.","sourceUrl":"https://dfr.oregon.gov/business/reg/Documents/Emergency%20order%20FAQ%20dated%20doc%203-31.pdf","snapshot":"","fileExists":true,"fileBytes":376274,"grade":"secondary","character":"","description":"","collection":"OR","url":"/library/OR-008","exhibitUrl":"/exhibit/OR-008","citation":"Department of Consumer and Business Services, Division of Financial Regulation (Director Andrew Stolfi), Emergency Order to all insurers of March 25, 2020 (described in DFR\u0027s Emergency Order FAQ of March 31, 2020) (Mar. 25, 2020) (Ex. OR-008)","stateName":"Oregon","related":["OR-019"]}