OR HB2449 | 2023 | Regular Session
Status
Completed Legislative Action
Spectrum: Partisan Bill (Republican 10-0)
Status: Failed on June 25 2023 - 100% progression
Action: 2023-06-25 - In committee upon adjournment.
Text: Latest bill text (Introduced) [PDF]
Spectrum: Partisan Bill (Republican 10-0)
Status: Failed on June 25 2023 - 100% progression
Action: 2023-06-25 - In committee upon adjournment.
Text: Latest bill text (Introduced) [PDF]
Summary
Prohibits insurer from canceling or raising premiums on policies of fire insurance by more than three percent if insured's property is located within wildland-urban interface or insured's primary employment or economic or business activity is farming or resource extraction. Prohibits insurer from canceling or raising premiums on policies of fire insurance by more than three percent if insured's property is located within wildland-urban interface or insured's primary employment or economic or business activity is farming or resource extraction. Specifies exceptions. Requires Department of Consumer and Business Services to determine by rule how to measure employment or economic or business activity for purposes of qualifying for limitations on cancellations and policy increases. Takes effect on 91st day following adjournment sine die.
Title
Relating to fire insurance that covers property located in the wildland-urban interface; prescribing an effective date.
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2023-06-25 | House | In committee upon adjournment. |
| 2023-02-27 | House | Public Hearing held. |
| 2023-01-16 | House | Referred to Business and Labor. |
| 2023-01-09 | House | First reading. Referred to Speaker's desk. |
