Regulatory Alerts2003-01-01 | Bulletin 2003-6Bulletin 2003-6: Prospective Loss Cost Filing Procedures for Property/Casualty Insurance and Loss Cost Reference Filing Adoption Forms
The Oregon Insurance Division issued Bulletin 2003-6 to establish the framework for prospective loss cost filings by rating organizations and participating insurers for property and casualty lines other than workers compensation. The bulletin mandates that rating organizations file advisory prospective loss costs via Reference Filings while requiring each insurer to independently determine final rates using specific adoption forms and compliance checklists. It outlines distinct filing procedures under ORS 737.205 and ORS 737.207, detailing how insurers must handle subsequent reference filings, modifications, or non-adoption of proposed rate changes.
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