1. (1) The clear and reasonable written explanation of a premium increase required under ORS 742.075 must identify and explain each factor that significantly contributed to the premium increase as defined in OAR 836-054-0115(3), subject to the following:

   1. (a) The written explanation of the premium increase must identify and explain at least one factor, but not more than four factors, that significantly contributed to the premium increase, as defined in OAR 836-054-0115(3).
   2. (b) If no individual factor significantly contributed to the premium increase, as defined in OAR 836-054-0115(3), then the insurer must provide a clear and reasonable written explanation to the insured that identifies and explains all factors and information specific to the insured that generally contributed to the premium increase.
   3. (c) The written explanation of the premium increase may provide information to the insured about any additional factors that contributed in any way to the premium increase.
2. (2) If an insurer determines that all factors that contributed to an insured’s premium increase resulted from policy changes initiated by the insured with respect to policy coverage or premium amount, the insurer may respond to a premium increase notice request with information provided in a manner to be determined by the insurer that the increases were due to policy changes initiated by the insured.

3. (3) The clear and reasonable written explanation of a premium increase required under ORS 742.075 must contain:

   1. (a) All information required under subsection (1) of this section;
   2. (b) The date of the written explanation;
   3. (c) The insurer’s licensed insurance company name, address, and NAIC Number;
   4. (d) The insured’s name, policy type, policy number, policy period, and effective date; and
   5. (e) Information that instructs the insured how to contact the insurer if they have additional questions regarding the written explanation.

4. (4) An insurer may use the following format for the clear and reasonable written explanation of a premium increase required under ORS 742.075, or an insurer may submit for approval a notice that provides the information required under this section in a format that aligns with other documents that the insurer uses to communicate with their policyholders.

   Premium Change Explanation Licensed Insurance Company – Name, Address, NAIC Number, Notice Date. Policyholder Name, Policy Type, Policy Number, Policy Period, and Effective Date. •As you requested, we are providing additional information regarding the factors that contributed most significantly to the premium increase applied to the above captioned policy at renewal. •Your premium increased at renewal, and these are the factors that most significantly contributed to the increase in your premium. •Here is an explanation for each reason of your premium increase (insurers shall provide the information and explanation required under OAR 836-054-0115). If you have any questions, please contact your insurance company/insurance producer via
   telephone (  ), email (  ), postal mail (  ), or visit your website (  ).

Statutory/Other Authority

ORS 731.244

Statutes/Other Implemented

ORS 742.075

History

ID 2-2026, adopt filed 03/26/2026, effective 04/01/2026