The state of Oregon has a Department of Insurance. The Oregon Department of Insurance provides the perfect forum for information on insurance. This is one of the unique features that only a few states like Oregon provide to its residents. It is a lot different as you know when it is a particular state that takes hold of a particular service in the community. It gives the community more assurance that they are investing their money wisely on insurance companies that are under the control of the state. Also, it creates a feeling that should anything turn out behind the expectation, there is a state that they can channel their concern.
The Oregon Department of Insurance was primarily created to give the public accurate information about insurance system. This information includes the insurance company available and the coverage that they offer. This information is supposed to help them make good insurance decisions. This is to avoid much of the common insurance frauds committed by insurers to the expense of the unknowing purchaser of the insurance policy. Aside from this, if you have concerns regarding your insurance policy of the insurance company itself, then the department listens and takes appropriate action on complaints about insurance companies.
The Oregon Department of Insurance takes an active role in the insurance industry. The department creates administrative rules that are related to insurance while the state creates statutes. Another activity that the department undertakes is to inform the public about insurance companies and provide further consumer information and company information. The department receives complaints and sends out forms. It also has forms on rates, consumer complaints, insurer forms and miscellaneous forms. To keep the public updated, the department has a publication that you can view on their website or order in print form. In the department’s website is a license directory through which the public can browse through and get information about companies. To make their administrative rules more responsive to the situation, the department holds out public meetings.
The insurance industry can be confusing and very technical. A lot of people come at a great disadvantage for lack of knowledge about the matter. The public in Oregon should be glad about the care that their state has shown to them especially in the insurance industry. Take advantage of Oregon department of insurance’s work by visiting their website.