Regulatory Alerts2026-01-01 | Bulletin 2026-1Bulletin 2026-1: Affordable Housing Commercial Property and Liability Insurance Export List — Oregon SB 829 (2025)
The Oregon Division of Financial Regulation issued Bulletin 2026-1 to implement Senate Bill 829, which exempts affordable housing entities from the standard diligent search requirement when procuring commercial insurance. This directive allows surplus lines carriers to directly place commercial property and general liability coverage for properties meeting specific income and affordability criteria. The exemption addresses market limitations where admitted carriers have restricted offerings due to rising costs and perceived high risk profiles.
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