(1) An insurer or insurance producer may charge a commission, a service fee or a combination of the two when transacting insurance in other than the following categories of insurance:
(a) Insurance that covers an individualís person, property or liability;
(b) Life or health insurance for groups of fewer than 51 lives; or
(c) Insurance on a commercial or public entity paying combined annual premiums of less than $100,000 for the insurance.
(2) An insurer or insurance producer may charge a commission or service fee other than the commission or fee filed in accordance with ORS 737.205 only if the insurer or insurance producer has a written agreement with the prospective insured prior to the binding or issuance of an insurance policy. The Director of the Department of Consumer and Business Services may establish by rule minimum conditions for written agreements entered into under this subsection. An insurer or insurance producer who enters into a written agreement as provided in this subsection is not in violation of ORS 746.035 or 746.045. [2003 c.364 §17b]Section: Previous 744.084 744.085 744.086 744.087 744.088 744.089 744.090 744.091 744.093 744.095 744.100 744.105 744.110 744.115 744.119 Next
Last modified: August 7, 2008