An insurer may cancel a commercial liability policy if:

1. (1) The insurer was required to renew the policy by an emergency order issued by the director;
2. (2) The cancellation is not due to claims resulting solely from the circumstances on which the emergency order was based, except in cases of fraud or material misrepresentation;
3. (3) The insurer has provided 45 days written notice to the insured and insurance producer, if any; and
4. (4) The cancellation does not violate any other law or order by the director.

Statutory/Other Authority

ORS 731.244 & ORS 742.702

Statutes/Other Implemented

ORS 742.702 & ORS 731.870

History

ID 1-2021, adopt filed 01/21/2021, effective 01/22/2021
ID 5-2020, temporary adopt filed 07/27/2020, effective 07/27/2020 through 01/22/2021