Oregon 2025R1 Session Status: In Committee 1 R cosponsors

SB 340 — 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.

Last action — In Senate Committee

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  1. ✓
    Introduced
  2. 2
    In Committee
  3. 3
    Passed Senate
  4. 4
    Passed House
  5. 5
    To Executive
  6. 6
    Enacted

This bill is in committee in the Senate. Introduced January 23, 2025. It must pass committee before a floor vote.

Next likely step: a committee vote, then a floor vote in the Senate.

Prognosis

Stalled 16% · moderate confidence

Where this bill stands today.

Odds of enactment

Low

How often bills like it became law.

  • In Committee

    Current position in the legislative process.

  • 1 sponsor

    1 primary, 0 co-sponsors signed on.

  • Single-party support

    Sponsorship is currently within one party (1 R).

Prognosis reads this bill's own signals — stage, sponsorship breadth, committee status, recorded votes and cross-state momentum. Odds come from a model trained on which bills have become law.

Summary

Digest: Tells an insurer in some cases not to raise the price of a policy of fire insurance by more than three percent each year or cancel the policy. The cases are if the policy holder lives near wild land or works at farming, logging, mining or similar work. (Flesch Readability Score: 62.6). 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 Text

We don't have the full text on file for this bill yet.

Read SB 340 on the official Oregon source →

Action History

  1. In Senate Committee

Sponsors

Sponsorship breakdown

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1 sponsors · 0 co-sponsors · 89 not signed on

Sponsors (1)

Co-sponsors (0)

None.

Not signed on (89)

89 members have not signed on to this bill.

Show all 89 →

"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Subjects

environment agriculture
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

What does SB 340 do?
Digest: Tells an insurer in some cases not to raise the price of a policy of fire insurance by more than three percent each year or cancel the policy. The cases are if the policy holder lives near wild land or works at farming, logging, mining or similar work. (Flesch Readability Score: 62.6). 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.
Who sponsors SB 340?
SB 340 is sponsored by David Brock Smith (Republican).
What is the current status of SB 340?
This bill is in committee in the Senate. Introduced January 23, 2025. It must pass committee before a floor vote.
Where can I track SB 340?
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Last checked for changes 3 months ago · updated continuously

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