The Rates and Forms unit reviews and regulates insurance contracts and rate filings. We make sure contracts cover required benefits and are fair to policyholders. We make sure that rates are not inadequate, excessive or unfairly discriminatory.
An interstate compact also reviews certain life insurance, annuities, disability income and long-term care insurance products before they can be sold in Oregon.
Compact policies must meet uniform standards, including strong consumer protections. Insurance companies can file products with the compact representing multiple states or with individual states.