Regulatory Alerts2010-01-01 | Bulletin 2010-3Oregon Insurance Division Bulletin 2010-3: Use of a Fraud or Misstatement Warning
The Oregon Insurance Division issued Bulletin 2010-3 to establish guidelines for acceptable fraud or misstatement warnings on insurance applications, claim forms, and policies. The bulletin requires that such warnings clarify materiality, intent, and reliance standards while ensuring compliance with specific statutory limits on contestability for life and health insurance. These rules replace previous guidance and become effective immediately to support anti-fraud efforts within the state.
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