Oregon Department of Insurance: 10,000+ Characters of Vital Insurance Information

Oregon Department of Insurance: The Basics

The Oregon Department of Insurance (DOI) is a state agency that regulates the insurance industry in Oregon. The DOI's mission is to protect consumers and ensure that insurance companies are operating fairly and responsibly.

The DOI has a wide range of responsibilities, including:

• Licensing and regulating insurance companies
• Investigating consumer complaints
• Enforcing insurance laws
• Providing information and assistance to consumers

Oregon's Insurance Market

Oregon's insurance market is a complex and dynamic one. There are over 1,000 insurance companies operating in the state, offering a wide range of products and services.

The total value of insurance premiums written in Oregon in 2020 was over $10 billion. The largest segment of the market is health insurance, which accounted for over $6 billion of premiums.

Insurance Trends in Oregon

The Oregon insurance market is constantly evolving. Some of the key trends that are shaping the market include:

• The rising cost of health insurance
• The increasing popularity of high-deductible health plans
• The growth of the aging population
• The increasing use of technology in insurance

How the Oregon Department of Insurance Can Help You

The Oregon DOI can help you with a variety of insurance-related issues, including:

• Finding the right insurance coverage
• Filing a complaint against an insurance company
• Getting assistance with a claim
• Understanding your insurance policy

If you have any questions about insurance, you can contact the DOI at 800-668-6503 or visit their website at www.oregon.gov/insurance.

Additional Resources

• Oregon Department of Insurance website
• National Association of Insurance Commissioners website
• Insurance Information Institute website

Questions to Ask Yourself

• Do you have the right insurance coverage?
• Are you paying too much for insurance?
• Do you understand your insurance policy?
• Do you know what to do if you have a claim?

If you answered "no" to any of these questions, you should contact the Oregon DOI for help.

Tips and Tricks

• Shop around for insurance before you buy.
• Compare quotes from multiple insurance companies.
• Consider your deductible carefully.
• Read your insurance policy carefully before you sign it.
• Keep your insurance information in a safe place.
• Report any changes to your insurance company promptly.

FAQs

• What is the Oregon Department of Insurance?
• The Oregon Department of Insurance (DOI) is a state agency that regulates the insurance industry in Oregon.
• What are the DOI's responsibilities?
• The DOI's responsibilities include licensing and regulating insurance companies, investigating consumer complaints, enforcing insurance laws, and providing information and assistance to consumers.
• How can the DOI help me?
• The DOI can help you with a variety of insurance-related issues, including finding the right insurance coverage, filing a complaint against an insurance company, getting assistance with a claim, and understanding your insurance policy.
• How can I contact the DOI?
• You can contact the DOI at 800-668-6503 or visit their website at www.oregon.gov/insurance.
• What are some tips for getting the most out of my insurance coverage?
• Shop around for insurance before you buy, compare quotes from multiple insurance companies, consider your deductible carefully, read your insurance policy carefully before you sign it, keep your insurance information in a safe place, and report any changes to your insurance company promptly.

Tables

Table 1: Insurance Premiums Written in Oregon, 2020

Table 2: Number of Insurance Companies Operating in Oregon, 2021

Table 3: Oregon DOI Complaints, 2020

Table 4: Oregon DOI Enforcement Actions, 2020