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The Oregon Department of Consumer and Business Services’ Division of Financial Regulation extended its emergency orders for property/casualty, long-term care, and life and disability insurance.

The orders mean that the most common insurance policies, such as auto, home, term and whole life, and long-term care, provide one-time minimum grace periods for people to pay premiums and protect them by mandating how long claims must be paid.

The minimum length of grace period for P/C insurance is 60 days, and it’s 60 days for the length of time claims will be paid during the grace period.

The emergency order extensions can be found on the .

Topics Oregon