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OR HB2562
Bill
AI Summary
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Department of Consumer and Business Services must collect data on underwriting criteria, rating decisions, and practices used by motor vehicle liability insurers to determine insurability, premium rates, and coverage in Oregon
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Insurers must provide continuous data on underwriting practices, rate-setting criteria, and demographic information for both insurance applicants and policyholders
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Department will review rating models incorporating new demographic data and analyze collected information to identify unfairly discriminatory underwriting and rating practices
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Insurers must redact personal identifying information when submitting data, and all information received by the department is confidential under ORS 705.137
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Takes effect 91 days after the 2025 legislative session adjourns
Legislative Description
Relating to underwriting practices for motor vehicle liability insurance policies in this state; prescribing an effective date.
Last Action
In committee upon adjournment.
6/27/2025