Oregon Insurance Commissioner: A Comprehensive Guide for Consumers

The Oregon Insurance Commissioner is a state official responsible for regulating the insurance industry in Oregon. The Commissioner's duties include:

• Ensuring that insurance companies are financially sound and that they are meeting their obligations to policyholders
• Enforcing the state's insurance laws
• Investigating complaints from policyholders
• Approving insurance rates
• Providing information and assistance to consumers

Oregon Insurance Commissioner

The current Oregon Insurance Commissioner is Andrew Stolfi. Stolfi was appointed to the position by Governor Kate Brown in 2019. Prior to his appointment, Stolfi served as the Director of the Oregon Department of Consumer and Business Services.

Responsibilities of the Oregon Insurance Commissioner

The Oregon Insurance Commissioner has a wide range of responsibilities, including:

• Ensuring that insurance companies are financially sound. The Commissioner's office reviews the financial statements of insurance companies to ensure that they are meeting the state's financial requirements. The Commissioner may also take action against insurance companies that are not financially sound, such as ordering them to increase their capital or to stop writing new business.
• Enforcing the state's insurance laws. The Commissioner's office is responsible for enforcing the state's insurance laws. These laws include the Oregon Insurance Code, which sets forth the rules that insurance companies must follow. The Commissioner may take action against insurance companies that violate the state's insurance laws, such as imposing fines or revoking their licenses.
• Investigating complaints from policyholders. The Commissioner's office investigates complaints from policyholders who believe that they have been treated unfairly by their insurance company. The Commissioner may take action against insurance companies that are found to have violated the law, such as ordering them to pay damages to the policyholder.
• Approving insurance rates. The Commissioner's office approves insurance rates in Oregon. The Commissioner must ensure that insurance rates are fair and reasonable. The Commissioner may also take action against insurance companies that are charging excessive rates, such as ordering them to reduce their rates.
• Providing information and assistance to consumers. The Commissioner's office provides information and assistance to consumers about insurance. The Commissioner's office can help consumers understand their insurance policies, file complaints against insurance companies, and find affordable insurance coverage.

How to Contact the Oregon Insurance Commissioner

The Oregon Insurance Commissioner's office is located at:

400 Public Service Building
Salem, OR 97310

The phone number for the Commissioner's office is (503) 947-7984.

The Commissioner's office website is:

https://dfr.oregon.gov/insurance/

Oregon Insurance Commissioner: Frequently Asked Questions

1. What is the role of the Oregon Insurance Commissioner?

The Oregon Insurance Commissioner is responsible for regulating the insurance industry in Oregon. The Commissioner's duties include ensuring that insurance companies are financially sound, enforcing the state's insurance laws, investigating complaints from policyholders, approving insurance rates, and providing information and assistance to consumers.

2. Who is the current Oregon Insurance Commissioner?

The current Oregon Insurance Commissioner is Andrew Stolfi.

3. How do I contact the Oregon Insurance Commissioner?

The Oregon Insurance Commissioner's office can be contacted by phone at (503) 947-7984 or by mail at 400 Public Service Building, Salem, OR 97310.

4. What should I do if I have a complaint about my insurance company?

If you have a complaint about your insurance company, you can contact the Oregon Insurance Commissioner's office. The Commissioner's office will investigate your complaint and take appropriate action.

5. How can I get help finding affordable insurance coverage?

The Oregon Insurance Commissioner's office can help you find affordable insurance coverage. The Commissioner's office has a number of resources available to help consumers, including a list of licensed insurance agents and a guide to understanding health insurance.

Oregon Insurance Commissioner: Additional Resources

• Oregon Insurance Commissioner's Office website
• Oregon Insurance Code
• National Association of Insurance Commissioners

Additional Tips and Tricks

• Shop around for insurance. Don't just go with the first insurance company you find. Compare rates from several different companies to make sure you're getting the best deal.
• Ask for discounts. Many insurance companies offer discounts for things like bundling your policies, having a good driving record, or being a member of certain organizations.
• Read your policy carefully. Before you sign up for an insurance policy, make sure you understand what it covers and what it doesn't cover.
• File a complaint if you're not happy with your insurance company. If you have a complaint about your insurance company, don't hesitate to file a complaint with the Oregon Insurance Commissioner's office. The Commissioner's office will investigate your complaint and take appropriate action.

Conclusion

The Oregon Insurance Commissioner is a valuable resource for consumers. The Commissioner's office can help you understand your insurance policies, file complaints against insurance companies, and find affordable insurance coverage.

Reference

https://dfr.oregon.gov/insurance/

https://www.oregonlegislature.gov/bills_laws/ors/ors073.html

https://www.naic.org/

https://www.nerdwallet.com/