Regulatory Alerts2020-01-01 | Bulletin 2020-3Added · Updated
Oregon Division of Financial Regulation Bulletin DFR 2020-3: Premium Assessments under HB 2010
The Oregon Division of Financial Regulation issued Bulletin DFR 2020-3 to clarify the implementation of House Bill 2010, which increases the premium assessment rate on health benefit plans from 1.5 percent to 2 percent and extends it to stop loss insurance. The bulletin specifies that the new 2 percent rate applies to policies issued or renewed on or after January 1, 2020, while existing policies remain subject to the previous 1.5 percent rate until their next renewal date. Regulated entities are instructed to apply these assessments on a per-policy basis and implement any necessary rate adjustments consistent with this guidance effective immediately.
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