Regulatory Alerts2009-01-01 | Bulletin 2009-9Bulletin 2009-9: House Bill 2116 and the Health Insurance Premium Assessment
The Oregon Insurance Division issued this bulletin to enforce House Bill 2116, which imposes a one percent assessment on health insurers based on gross premiums earned from Oregon residents. Insurers must calculate the assessment on premiums earned from qualifying policies and submit verified forms with payments due within 45 days of each calendar quarter. The document clarifies that insurers may increase existing rates by up to one percent to cover this cost but prohibits using a divisor method that exceeds the statutory limit or listing the assessment as a separate line item on consumer bills.
Share