Surplus lines insurance
The surplus lines market ensures that Oregonians can obtain coverage if they are turned down for insurance in the regular market. Oregon Revised Statutes (ORS) 735.400-735.495 govern surplus lines.
Surplus line insurers are not required to be licensed in Oregon or file rates with the state. However, the Division of Financial Regulation must determine they are eligible before any coverage is placed.
Insurers on the National Association of Insurance Commissioners quarterly Listing of Alien Insurers are considered eligible in Oregon.
Insurance through a surplus line insurer is not protected by the Oregon Insurance Guaranty Association.
All coverage in this market must be placed through a resident or nonresident insurance agent who is licensed for "surplus lines."
The Surplus Line Association of Oregon advises the Division of Financial Regulation and collects surplus lines taxes. Visit www.oregonsla.org for information on the following:
- Filing forms
- Insurers (eligible list)
- Licensed agents/agencies
► Eligibility, agent for service of process and other information