Regulatory Alerts1970-11-06 | Bulletin 70-4Added · Updated
Bulletin 70-4: Reinsurance of Title Insurance
The Oregon Insurance Division issued Bulletin 70-4 to outline statutory requirements for the reinsurance of title insurance on Oregon real property. The bulletin mandates that reinsurance with admitted insurers must occur at approved rates and prohibits commissions, while contracts with non-admitted insurers require specific commissioner approval based on policyholder interests. Additionally, the document restricts reinsurance with entities holding interests in the insured property unless premiums are reasonably related to the expected risk of loss.
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