Export List and Exempt Commercial Coverages
Export list and exempt commercial
Oregon uses an export list, maintained through OSLA, of classes that may be placed without individual declinations. Exempt commercial coverages serve larger commercial insureds and also reduce declination paperwork. The relief is procedural; it does not excuse disclosure, premium tax, or recordkeeping.
Conditions and limits
The coverage must be commercial and within the listed class or exemption. Personal lines are not eligible. The producer must confirm the current list, place through an eligible nonadmitted insurer, obtain the required insured acknowledgment, and file the transaction with OSLA.
Worked example
A large manufacturer needs a cyber liability limit above what admitted markets offer, and cyber is on the current export list. Reasoning: no individual declinations are required, but the producer still gives the not-admitted and no-guaranty-fund notice, collects tax, and files the policy. If the risk were a homeowner’s policy, the export list would not apply.
Traps that cost marks
Do not treat the export list as permission to place any risk. Do not skip the disclosure because declinations are waived. Do not rely on an old list, because classes and conditions change. Do not use the export list for personal lines.