OAR 836-085-0025
Renewal with Altered Terms


If an insurer offers or purports to renew a policy of insurance on terms less favorable to the insured or at higher rates, the new terms or rates may take effect on the renewal date if the insurer provides 30 days’ written notice to the insured and to the insurance producer, if any. If the insurer does not provide such notice, the insured may cancel the renewal policy within 30 days after receipt of such notice. Earned premium for period of coverage, if any, shall be calculated pro rata at the lower of the current or previous year’s rate. If the insured accepts the renewal, any premium increase or changes in terms shall be effective immediately following the prior policy’s expiration date.


Nonrenewal of a policy shall not be effective until at least 30 days after the insured receives a written notice of nonrenewal. If, after an insurer provides a notice of nonrenewal as described in this section, the insurer extends the policy 90 days or less, additional notice of nonrenewal is not required with respect to the extension. For purposes of this section, “nonrenewal” means the refusal of an insurer to renew a policy at its expiration date.


Section (1) of this rule does not apply:


If the change is a form, rate or plan filed with the Director of the Department of Consumer and Business Services and applicable to the entire line of insurance or class of business to which the policy belongs; or


To a premium increase based on the altered nature or extent of the risk insured against.

Source: Rule 836-085-0025 — Renewal with Altered Terms, https://secure.­sos.­state.­or.­us/oard/view.­action?ruleNumber=836-085-0025.

Last Updated

Jun. 8, 2021

Rule 836-085-0025’s source at or​.us