Regulatory Alerts2017-03-09 | Bulletin 2017-2Added · Updated
Oregon Division of Financial Regulation Bulletin 2017-2: Producer Compensation for Health Benefit Plans
The Oregon Division of Financial Regulation issued Bulletin 2017-2 to clarify expectations for producer compensation in the health benefit plan market. The bulletin prohibits mid-year commission adjustments that contradict rate filings or reduce compensation for special enrollment periods, as such practices distort market distribution and limit consumer access to affordable coverage. Regulated entities must structure compensation contracts to avoid injurious effects on competition and the public, with the directive taking effect on March 9, 2017.
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