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Lawmakers seek biennial report on state insurance fund as liabilities draw scrutiny
Summary
Senators told the House Committee on Commerce on May 1 that Senate Bill 463 A would require the Department of Administrative Services to submit a biennial report on the financial condition of Oregon's state insurance fund after witnesses described large and growing liabilities tied to lawsuits and ADA compliance costs.
The House Committee on Commerce on May 1 heard testimony on Senate Bill 463 A, which would require the Oregon Department of Administrative Services to provide a report by Jan. 15 of each even‑numbered year on the financial condition and stability of the state insurance fund.
Senator Suzanne Weber, representing Senate District 16, described the bill as “a simple” response to what she called a pressing problem: insufficient visibility of the fund’s assets and liabilities. “As of last summer, the fund…
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