Regulatory Alerts2022-01-01 | Bulletin 2022-7Oregon Division of Financial Regulation Bulletin 2022-7: Errors and Omissions Liability Coverage for Investment Adviser Firms
The Oregon Division of Financial Regulation issued Bulletin 2022-7 to clarify insurance coverage requirements for state investment adviser firms under ORS 59.175 and OAR 441-175-0185. The bulletin mandates that advisers maintain a minimum $1 million errors and omissions policy that explicitly excludes no investment management services performed in Oregon, while requiring the submission of an attestation form and proof of policy to the Division. Failure to provide compliant proof of continuous coverage or update policy changes results in license cancellation for both the firm and its representatives.
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