Oregon Senate Bill 340 (Prior Session Legislation)

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Completed Legislative Action
Sponsorship: Partisan Bill (Republican 1)
Status: Failed on June 27 2025 - 100% progression
Action: 2025-06-27 - In committee upon adjournment.
Text: Latest bill text (Introduced) [PDF]

Tells an insurer in some cases not to raise the price of a policy of fire insurance by more than three percent each year or cancel the policy. The cases are if the policy holder lives near wild land or works at farming, logging, mining or similar work. (Flesch Readability Score: 62.6). Prohibits an insurer from canceling fire insurance policies, or raising policy premiums by more than three percent, if an insured's property is located within the wildland-urban interface or the insured's primary employment or economic or business activity is farming or resource extraction. Specifies exceptions. Requires the Department of Consumer and Business Services to determine by rule how to measure employment or economic or business activity for the purposes of qualifying for limitations on cancellations and policy increases. Takes effect on the 91st day following adjournment sine die.

Relating to fire insurance that covers properties at particular risk of wildfires; prescribing an effective date.

Sen. David Smith [R]

Date	Chamber	Action
2025-06-27	Senate	In committee upon adjournment.
2025-01-17	Senate	Referred to Natural Resources and Wildfire.
2025-01-13	Senate	Introduction and first reading. Referred to President's desk.

Type	Source
Summary	https://olis.oregonlegislature.gov/liz/2025R1/Measures/Overview/SB340
Text	https://olis.oregonlegislature.gov/liz/2025R1/Downloads/MeasureDocument/SB340/Introduced
Supplement	https://olis.oregonlegislature.gov/liz/2025R1/Downloads/MeasureAnalysisDocument/84537