Regulatory Alerts2021-01-01 | Bulletin 2021-4Oregon DFR Bulletin 2021-4: Guidance on Exclusionary Language Regarding Controlled Substances
The Oregon Division of Financial Regulation issued this bulletin to restrict overly broad insurance exclusions for losses merely coinciding with the possession or influence of controlled substances. Insurers are required to limit exclusions to losses causally connected to the use of such substances and must explicitly clarify that legitimate prescription drug use remains covered. Policy language excluding all losses based solely on temporal coincidence without a causal link will be disapproved under this guidance effective upon issuance.
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