Regulatory Alerts1994-06-24 | Bulletin 94-4Added · Updated
Bulletin 94-4: Creditor's Rights Coverage
The Oregon Insurance Division mandates that all title insurers and agents must file for approved premium charges when providing creditor's rights coverage. This requirement applies to policy editions that do not expressly exclude such coverage, with charges intended to offset administrative and risk-related costs. Failure to secure proper filings for these charges may result in unfair discrimination within the rating structure and the withdrawal of policy form approvals.
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