Regulatory Alerts2022-01-01 | Bulletin 2022-2Oregon DFR Bulletin 2022-2: Guidance on Intentional Acts Exclusions
The Oregon Division of Financial Regulation issued Bulletin 2022-2 to restrict property and casualty insurers from using expansive policy language in intentional acts exclusions. The guidance mandates that such exclusions must not cover negligence or unintended harms, and personal lines policies must protect co-insureds who did not participate in the intentional act. Insurers are required to remove or revise non-compliant vague language and refile their forms within 60 days of the bulletin's effective date.
Share