Unlawful Trade Act

This article has been edited from its original version to more closely report statements made by Standard Insurance. May 13, 2013 — The bill to repeal the insurance industry’s one-of-a-kind exception to Oregon’s chief fraud law has moved to the Senate Consumer Protection Committee, where it faces a less certain outcome than in the House.

Key Republican Rep. Dennis Richardson backs the bill sponsored by Democratic Rep. Paul Holvey, saying current law does not do enough to protect consumers

The powerful insurance industry is currently the only business in Oregon exempt from the act. Proposed legislation would remove that exemption and allow the Attorney General and injured parties to sue for fraud.