SB 377: Consumer rerating requests based on new credit information
If an insurer uses a consumer's credit history for rating purposes, current law allows a consumer to request a rerating no more than once a year for any given policy. However, the rerating may result in an increase or decrease in the rate and may not be implemented by the insurer until the policy is renewed. This bill prohibits insurers from increasing a consumer's premium after rerating. It requires insurers to decrease the premium for certain specified policies if credit was used for rating and the consumer is entitled to a reduced premium. It also requires the insurer to rerate the consumer within 30 days after receiving the request, effective as of the date the consumer requested the rerating. This bill applies to personal insurance policies issued or renewed on or after the effective date.
HB 2190: Protections for owners of totaled vehicles
This bill protects consumers whose motor vehicles are declared "totaled." Insurers typically offer a cash settlement when a vehicle is totaled, but consumers often do not understand how their insurer valued the vehicle. The bill requires insurers to provide vehicle owners with a written explanation of how the vehicle value was determined and other information about the total loss process, allows owners of totaled motor vehicles, after certain conditions are met, to obtain the undisputed amount of the vehicle's value while negotiations continue to settle the claim, and requires insurers who include an appraisal provision in the policy to reimburse their insureds' reasonable appraisal costs when the final appraisal results in a greater valuation than the insurer's final offer. This bill applies to motor vehicle liability insurance policies issued or renewed on or after the effective date.
HB 2233: Insurance for commercial driver training school
This bill increases the motor vehicle liability insurance coverage required for the applicant or holder of a commercial driver training school certificate. The following coverage is currently required: $50,000 for bodily injury to or death of one person in one accident, $100,000 for bodily injury to or death of two or more persons in one accident, and $25,000 for injury to or destruction of property of others in any one accident. This bill increases the minimum coverage to $100,000/$300,000/$50,000. The applicant or holder of a commercial driver training school certificate does not need to submit proof of insurance for issuance or renewal of the certificate if the applicant or holder of the certificate conducts only classroom instruction.
HB 2326: Motor vehicle liability coverage
This bill increases the maximum monthly income replacement benefits available if an injury prevents a person from returning to work from $1,250 to $3,000. The bill also increases the amount of motor vehicle liability insurance coverage required for property damage to others from $10,000 to $20,000. NOTE: Under the Insurance Code, the passage of HB 2326 also increases the minimum amount of optional uninsured motorist coverage for property damage that must be offered on private passenger motor vehicles not more than 12 years old from $10,000 to $20,000. This bill applies to motor vehicle insurance policies issued or renewed on or after the effective date.
HB 2369: Motor vehicle liability settlements
This bill continues the rights of the motor vehicle liability insurer who provides personal injury protection benefits to recover those payments from the responsible person's insurer if there is a settlement within 60 days after the accident. The bill requires insurers to state these rights in the release signed by the injured person and provide other disclosures to the injured person. The bill also allows the injured person to rescind the release within five days of signing the release. The bill applies to motor vehicle accidents that occur on or after the effective date and applies to releases obtained on or after the effective date.
HB 2370: Motorcycle insurance discounts
In accordance with Oregon law, the Oregon Department of Transportation, in a cooperative venture with TEAM OREGON and Oregon State University, established a motorcycle rider education program. HB 2370 requires insurers offering liability, personal injury protection, or collision coverage to offer a premium discount to the principal operator of a motorcycle who has completed this motorcycle rider education program. Only one motorcycle per principal operator is eligible for the discount and the motorcycle must not be used for business. If an insurance policy covers motorcycles and other vehicles, the premium discount is limited to the motorcycle portions of the policy. This bill applies to motor vehicle insurance policies issued or renewed on or after the effective date.
HB 2682: Commercial surety bail
Oregon used commercial sureties for bail until the mid-1970s. Currently, the bail process is administered through the courts. This bill requires a legislative interim committee to take testimony on the feasibility and advisability of reinstituting a commercial surety bail system in Oregon. The committee may make recommendations to the next Legislative Assembly. The bill declares an emergency and is effective July 1, 2009.