Oregon Statutes - Chapter 732 - Organization and Corporate Procedures of Domestic Insurers; Regulation of Insurers Generally - Section 732.810 - Definitions for ORS 732.810 to 732.814.

As used in ORS 732.810 to 732.814:

(1) “Control” and “controlled” have the meanings given those terms in ORS 732.548.

(2) “Controlled insurer” means an authorized insurer that is controlled directly or indirectly by an insurance producer.

(3) “Controlling producer” means an insurance producer who directly or indirectly controls an insurer.

(4) “Insurance producer” has the meaning given that term in ORS 731.104, but excludes a person who sells, solicits or negotiates an insurance contract on behalf of the insurance producer. [1993 c.447 §58; 2003 c.364 §82]

Note: 732.810 to 732.814 were added to and made a part of the Insurance Code by legislative action but were not added to ORS chapter 732 or any smaller series therein. See Preface to Oregon Revised Statutes for further explanation.

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Last modified: August 7, 2008