The Oregon Department of Consumer and Business Services Division of Financial Regulation published a bulletin providing guidance for filing rates and forms with the Division. As required by Oregon Statutes, insurers must file rates and forms with the Division and they must be approved by the Director.

The Division reviews forms to make sure they cover required benefits and are fair to policyholders and review rates to make sure that they are adequate, not excessive, or unfairly discriminatory.

Insurers can submit their filings using the System for Electronic Rate and Form Filing (SERFF). The required documents can be found on the DFR website and are necessary for a filing to be complete. These include:

• A cover letter or detailed filing description
• A signed and dated Certificate of Compliance form
• The Product Standards checklists for any product type where a checklist is required according to the filing instructions
• For life and health form filings, a readability certification
• A completed and signed actuarial memorandum for new or modified product or rate filings
• A statement of variability explaining any bracketed provisions
• Advertising or marketing plans, under the Supporting Documentation tab. 

Filings can be submitted through SERFF or by email, but the Division strongly recommends using SERFF to expedite the process.