Regulatory Alerts2021-01-01 | Bulletin 2021-6Oregon DFR Bulletin 2021-6: 2021 Auto Rates and Filings for Private Passenger Auto Insurance
The Oregon Division of Financial Regulation issued Bulletin 2021-6 to require all property and casualty automobile insurers to file updated rates reflecting driving pattern changes caused by the COVID-19 pandemic. Insurers must submit detailed actuarial data and analysis by April 1, 2022, demonstrating how their rating plans account for shifts in claim frequency, severity, and expenses between March 2020 and March 2021. This mandate ensures that private passenger auto insurance premiums accurately reflect current risk levels and any adjustments made to policyholder premiums during the pandemic period.
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