National Association of Insurance and Financial Advisors

 

Bills for NAIFA to take a Position on

  • 11 Jan 2017 11:35 AM
    Reply # 4542564 on 4542516
    Jess Campbell (Administrator)

    Attached below is a document which has all the definitions referred to in SB 95.  This should make it easier to figure out who/what is covered by the bill.

    Definitions from other Chapters for SB 95.docx
  • 11 Jan 2017 11:04 AM
    Message # 4542516
    Jess Campbell (Administrator)


    Tomorrow Jan 12: 11:00 am Conference Call With Roger Beyer and Dave Willis


    Dial in: 1-503-210-2091, Conference Bridge 2, Code: 6931


    SB 95: Requires certain securities professionals to report suspected financial exploitation of elderly, disabled or vulnerable individual to Department of Consumer and Business Services and Department of Human Services.


    SB 331: Permits insurer in lieu of renewing policy to offer insured replacement policy if insurer provides notice to insured and insurance producer at least 30 days before date on which policy subject to renewal expires. Permits insured to cancel policy within 30 days after receiving notice. Provides that earned premium for period in which policy was in effect before cancellation must be calculated on pro rata basis using lower of current rate or previous year’s rate. Provides that new rates and changes in terms for replacement policy that insured accedes to become effective on day after previous policy expires.


    SB 332: Permits insurer to offer certain rebates with aggregate value that does not exceed $100 in calendar year to insureds other than persons for whom insurer issues health insurance or health benefit plan.

    Board members: We will vote on the recommended decisions on Friday, Jan 13 at the Board meeting conference call 8:30 a.m. Please be prepared.

    Please be ready to discuss these by reading the legislation and/or being on the short call on Thursday.


Address: PO Box 2881, Salem, OR 97308 ● Phone: 503-371-7457 ● Fax: 503-585-8547 ● Email: Office@naifaoregon.org

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