Regulatory Alerts2015-01-01 | Bulletin 2015-1Oregon Insurance Division Bulletin INS 2015-1: Filing Procedures for TRIA 2015 Compliance
The Oregon Insurance Division issued Bulletin INS 2015-1 to establish filing procedures for property and casualty insurers complying with the Terrorism Risk Insurance Program Reauthorization Act of 2015. The bulletin mandates that insurers submit rates, policy forms, and disclosure notices via the SERFF system using the TRIA2015 designation to ensure coverage definitions align with federal requirements. It further specifies that terrorism exclusions are prohibited in non-commercial lines and outlines specific statutory protections for Standard Fire and Workers' Compensation policies.
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