SB 340 Oregon Senate · 2025 Regular Session

Relating to fire insurance that covers properties at particular risk of wildfires; prescribing an effective date.

Summary
Prohibits an insurer from canceling fire insurance policies, or raising policy premiums by more than three percent, if an insured's property is located within the wildland-urban interface or the insured's primary employment or economic or business activity is farming or resource extraction. Specifies exceptions. Requires the Department of Consumer and Business Services to determine by rule how to measure employment or economic or business activity for the purposes of qualifying for limitations on cancellations and policy increases. Takes effect on the 91st day following adjournment sine die.
Bill status in committee 1 of 4 stages cleared
Introduction
Jan 2025
Committee Review
Floor Vote
Governor
Introduced Jan 13, 2025 Last action Jun 28, 2025
Floor votes

How they voted

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Full legislative history

Actions timeline

Total actions
3
Key actions
1
Committee
2
Jun 28, 2025
Upper · Passed
In committee upon adjournment.
upper
Jan 17, 2025
Committee
Referred to Natural Resources and Wildfire.
upper
Jan 13, 2025
Introduced
Introduction and first reading. Referred to President's desk.
upper
1 primary · 0 co-sponsors

Sponsors

Role
Legislator
Party
State
District
P
Photo of David Smith
David Smith
RRepublican
OR
1