l9n/ Oregon

2026 Regular Session

Senate Bill 1540

Requires an insurer that uses a catastrophe model or wildfire risk model or scoring method to provide the Director of the Department of Consumer and Business Services a description of each model or scoring method, along with related information, and an explanation of how the insurer uses the model or scoring method in underwriting decisions.

Did not become law. It stopped in the Senate's Rules Committee on March 6, 2026.

What it does

The synopsis the Legislative Assembly published with the bill.

Digest: Tells an insurer to give to a state agency the details of models the insurer uses to score property for wildfire risk. Tells the insurer to give notice about what actions a policy holder can take to better the risk score. Takes effect 91 days after the session ends. (Flesch Readability Score: 62.4). Requires an insurer that uses a catastrophe model or wildfire risk model<b> or scoring method</b> to provide the Director of the Department of Consumer and Business Services a description of each model<b> or scoring method</b>, along with related information, and an explanation of how the insurer uses the model<b> or scoring method</b> in underwriting decisions. Specifies [<i>elements</i>] that an insurer must [<i>include in</i>]<b> incorporate applicable community-level mitigation actions and property-specific mitigation actions into</b> each model and requires the insurer to give a premium discount or adjustment, or other incentive, to a policy holder that demonstrates having undertaken a property-specific mitigation action or that a community-level mitigation action occurred in proximity to the policy holder's property. Requires an insurer to post on the insurer's website, and provide to an applicant for insurance or a policy holder seeking a renewal, information about premium discounts or adjustments, or other incentives, that are available to applicants or policy holders that undertake a property-specific mitigation action or demonstrate that a community-level mitigation action occurred in proximity to the applicant's or policy holder's property. Permits an applicant or policy holder to appeal an insurer's classification of the applicant's or policy holder's property or to dispute the amount of a premium discount or adjustment or other incentive the insurer provides. Takes effect on the 91st day following adjournment sine die.

Its course

February 2 to March 6, 2026, on one scale. In the top row each mark is a day something happened; taller marks are busier days.

Each committee stop sits inside its chamber.

Every action8 actions on 6 days

In the SenateFeb 2 to Mar 6 · stopped32 days

Waiting for a committeeFeb 2 to Feb 20 days

Natural Resources and WildfireFeb 2 to Feb 1715 days

RulesFeb 17 to Mar 6 · stopped17 days

Amendments

Each amendment offered, and what became of it.

  • Senate committee amendmentAdopted

    Adopted Feb 17

Text

Each version as the Legislative Assembly printed it.

l9n doesn't hold this bill's text yet.

What happened

In l9n's words, one line for each step. Every action as the Legislative Assembly published it is below.

In the Senate Feb 2 – Mar 6

  1. Feb 2Introduced
  2. Sent to Natural Resources and Wildfire
  3. Feb 10Heard in Natural Resources and Wildfire
  4. Feb 12Heard in Natural Resources and Wildfire
  5. Feb 17Natural Resources and Wildfire recommended it as amended, and that it go to Rules
  6. Sent to Rules
  7. Mar 2Heard in Rules
  8. Mar 6Died when the session ended
All 8 actions, as published
  1. Feb 2Introduction and first reading. Referred to President's desk.Senate
  2. Feb 2Referred to Natural Resources and Wildfire.Senate
  3. Feb 10Public Hearing held.Senate
  4. Feb 12Work Session held.Senate
  5. Feb 17Recommendation: Do pass with amendments and be referred to Rules. (Printed A-Eng.)Senate
  6. Feb 17Referred to Rules by order of the President.Senate
  7. Mar 2Public Hearing held.Senate
  8. Mar 6In committee upon adjournment.Senate