Recently adopted rules

Rules affected: OAR 441-175-0185

Rule Summary:
Adopted to recognize surplus lines and risk retention coverage as meeting the requirements ORS 59.175. The rule also provides clarity regarding providing proof of errors and omissions insurance required by ORS 59.175.

Filed: October 10, 2018

Effective: October 10, 2018

Documents:

• Permanent Administrative Order
• Summary of Testimony and Hearing Officer's Report

Rules affected: OAR 441-175-0120, 441-175-0130

Rule Summary:
Amended to include a reference to the FINRA Series 66 exam.

Filed: October 10, 2018

Effective: October 10, 2018

Documents:

• Permanent Administrative Order
• Summary of Testimony and Hearing Officer's Report

Rules affected: OAR 441-011-0040, 441-065-0010, 441-065-0060, 441-065-0070, 441-065-0080, 441-065-0090, 441-065-0100, 441- 065-0110, 441-065-0130, 441-065-0140, 441-065-0150, 441-065-0160, 441-065-0170, 441-065-0180, 441-065- 0190, 441-065-0200, 441-065-0210, 441-065-0220, 441-065-0221, 441-065-0222, 441-065-0223, 441-065-0224, 441-065-0225, 441-065-0230

Rule Summary:
This rulemaking proposes amendments to accommodate changes at the federal level to Rule 504 and 505 and to simplify small capital raises. The proposed changes would repeal Oregon's rule (OAR 441-065-0230) implementing Rule 505, and update the offering limits of the SCOR to correspond to the new $5 million federal limit for Rule 504 offerings.

In addition, the proposed rulemaking would revise the existing OAR 441-065-0220 process to adopt a Small Offering Abbreviated Registration (SOAR) allowing for a quick registration, without audited financials for Rule 504 offerings up to $1 million. The proposal to restructure the small offering rule is based on a finding that the current rule has been used five times since 2007 (out of a total of 969 registrations) and all but one of the filings has been cancelled or withdrawn.

Filed: April 26, 2018

Effective: May 1, 2018

Documents:

• Permanent Administrative Order
• Summary of Testimony and Hearing Officer's Report

Rules affected: OAR OAR 441-820-0010, 441-820-0020, 441-820-0030, 441-820-0040, 441-820-0050, 441-820-0060, 441-820-0070, 441- 820-0080, 441-820-0090, 441-820-0100, 441-820-0110, 441-820-0120, 441-820-0130, 441-820-0140, 441-820- 0150, 441-820-0160, 441-820-0170, 441-820-0180

Rule Summary:
Establishes the application process for obtaining a debt buyer license.

Filed: April 23, 2018

Effective: April 24, 2018

Documents:

• Permanent Administrative Order
• Summary of Testimony and Hearing Officer's Report

Amend: OAR 441-850-0005

Repeal: Temporary OAR 441-850-0005 from FSR 9-20170

Sets definitions for mortgage lending and mortgage servicing regulations contained in chapters 850 to 890.

Filed: April 16, 2018

Effective: April 17, 2018

Documents:

• Permanent Administrative Order
• Summary of Testimony and Hearing Officer's Report

Rules affected: OAR 836-053-0013

Rule Summary:
Amends to ensure that the standard bronze and silver plan designs adopted by the Department of Consumer and Business Services under ORS 743B.130 will comply with the requirements of ORS 743A.067

Filed: October 10, 2018

Effective: October 20, 2018

Documents:

• Permanent Administrative Order
• Summary of Testimony and Hearing Officer's Report

Rules affected: OAR 836-052-0114

Refiled to correct error in Exhibit 1.

Filed: August 30, 2018

Effective: September 1, 2018

Documents:

• Permanent Administrative Order
• Medicare Supplement 2020 FAQs

Rules affected: OAR 836-052-0114, 836-052-0119, 836-052-0141, 836-052-0143, 836-052-0144

Clarifying applicability of exhibits to OAR 836-052-0160.

Filed: August 28, 2018

Effective: September 1, 2018

Documents:

• Permanent Administrative Order
• Summary of Testimony and Hearing Officer's Report
• Medicare Supplement 2020 FAQs

Rules affected: OAR 836-071-0215

Flood Insurance Producer Continuing Education Requirements.

Creates continuing education requirements for flood insurance producers.

Filed: August 16, 2018

Effective: August 16, 2018

Documents:

• Permanent Administrative Order
• Summary of Testimony and Hearing Officer's Report

Rules affected: OAR 836-071-0185

Aligns insurance code and securities licensing requirements for the sale of variable annuities.

Amended to remove references to specific examinations and expand firm affiliation requirements to include an investment advisory firm.

Filed: August 16, 2018

Effective: August 16, 2018

Documents:

• Permanent Administrative Order
• Summary of Testimony and Hearing Officer's Report

Rules affected: OAR 836-053-0014

Establishing standards and process for shortened periods of market prohibition.

House Bill 2340, passed during the 2017 Legislative Assembly, permits the Department of Consumer and Business Services (the department) to shorten the five-year period of market prohibition on a carrier that has electively withdrawn from a market within the state if it is necessary to ensure, in all geographic areas of this state, that a competitive health insurance market exists, consumers have a reasonable number of health insurance options available to them, and that consumers who purchase insurance are protected.

The bill requires the department to adopt rules establishing standards for shortening the period of market prohibition for carriers that electively withdrew from a market within the state.

Filed: June 15, 2018

Effective: June 19, 2018

Documents:

• Permanent Administrative Order
• Summary of Testimony and Hearing Officer's Report

Rules affected: OAR 836-053-0473, 836-053-0474

Amendment of Process For Rate Filing for Individual and Small Employer Health Benefit Plans

This proposed rule would codify the ability to reopen a previously closed comment period in response to an “intervening event”. Intervening events are primarily defined as actions taken by the Centers for Medicare and Medicaid Services, but could include other instances that materially impact prior rate decisions.

Filed: April 24, 2018

Effective: April 24, 2018

Documents:

• Permanent Administrative Order
• Summary of Testimony and Hearing Officer's Report

Rules affected: OAR 836-053-0435

Health Benefit Plan Coverage of Well-woman Preventive Care Services

Adopts the United States Health Resources and Services Administration guidelines for well-woman care preventive services.

Filed: April 23, 2018

Effective: April 23, 2018

Documents:

• Permanent Administrative Order
• Summary of Testimony and Hearing Officer's Report

Rules affected: OAR 836-053-0013

Amendment to 2019 standard silver health benefit plan.

This amended rule updates the Oregon standard silver plan for plan years beginning on and after January 1, 2019. (This is being refiled due to an error with Exhibit 2. This is the correct version of Exhibit 2.)

Filed: April 20, 2018

Effective: April 20, 2018

Documents:

• Permanent Administrative Order
• Summary of Testimony and Hearing Officer's Report
• Exhibit 2 to OAR 836-053-0013