Bill > HB2562

This bill requires the Oregon Department of Consumer and Business Services to collect comprehensive data about auto insurance underwriting practices, with the goal of identifying potential bias or unfair discrimination. Specifically, the department must gather information from insurers about their underwriting criteria, rating practices, and demographic data of insurance applicants and policyholders. The department will be required to review insurance rating models, analyze the collected data to detect any unfairly discriminatory practices, and compare different analytical models to assess whether insurers are issuing policies and setting premiums fairly. Insurers must provide this data in a format specified by the department, and they must remove personal identifying information before submission. The collected data will be treated as confidential under existing state law, and the department may collect additional information it finds useful for its analysis. The bill will take effect 91 days after the 2025 legislative session adjourns, giving the department time to develop its data collection and analysis framework.

https://olis.oregonlegislature.gov/liz/2025R1/Measures/Overview/HB2562