Regulatory Alerts2022-01-01 | Bulletin 2022-6Oregon Division of Financial Regulation Bulletin 2022-6: Errors and Omissions Liability Coverage for State Licensed Investment Advisers
The Oregon Division of Financial Regulation issued Bulletin 2022-6 to clarify errors and omissions insurance requirements for state-licensed investment advisers under ORS 59.175(5). The bulletin mandates that compliant policies must not exclude coverage for investment advice or management services, requiring producers to explicitly communicate any such exclusions to clients. This guidance ensures that advisers maintain the statutory minimum $1 million coverage necessary to protect investors from harm.
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