Bill > HB3834

This bill establishes a Wildlife Damage Reinsurance Program in Oregon to help protect agricultural businesses from economic losses caused by wildlife. The Oregon Department of Administrative Services will create a reinsurance program that provides backup insurance coverage to private insurers who offer policies protecting crops, livestock, agricultural buildings, and equipment from damage caused by animals under the State Fish and Wildlife Commission's jurisdiction. The program will establish a dedicated Wildlife Damage Reinsurance Fund, separate from the General Fund, which can receive appropriations and investments. The department will carefully evaluate participating insurers, set maximum coverage amounts, and prioritize coverage in areas where wildlife damage protection is currently inadequate. The bill requires annual reporting to legislative committees about the program's activities and expenditures, and includes provisions to ensure the fund remains financially sound, such as the ability to advance funds from other state accounts if necessary and the option to establish reserve accounts. An emergency clause is included, meaning the bill will take effect immediately upon passage, reflecting the urgent need to provide economic protection for agricultural businesses impacted by wildlife.

Business and Industry

https://olis.oregonlegislature.gov/liz/2025R1/Measures/Overview/HB3834