We operate exactly like a small insurance company, writing only property insurance for dwellings, commercial property and farms. We issue all policies in our office on our own OFPA paper. We underwrite all applications in our office using our own staff. We handle, investigate and adjust all reported losses using
In January 2002, the OFPA changed from a Single Service Provider format to a Syndicate style of operation. Under the Syndicate style of operation, the insuring company is the Oregon FAIR Plan Association, and all coverage is issued using OFPA paper on the policy Declarations pages.
Each insurance company licensed to write Property Insurance in Oregon is required to be a member of the OFPA, as a condition of holding a license to operate in Oregon. All financial results, (gains or losses) are treated as reinsurance assumed by the member companies of the OFPA.