Oregon Statutes - Chapter 744 - Insurance Producers; Life Settlement Providers, Brokers and Contracts; Adjusters; Consultants; Third Party Administrators; Reinsurance Intermediaries; Rental Company Limited Licenses
- 744.001 License application; fees.
(1) ORS 744.001 to 744.009, 744.011, 744.013, 744.014, 744.018, 744.022 to 744.033 and 744.037 govern the licensing of adjusters and insurance consultants. (2) An applicant...
- 744.002 License categories.
(1) The Director of the Department of Consumer and Business Services may issue a license authorizing a person to act as an adjuster or an...
- 744.003 Amendment to license.
(1) The Director of the Department of Consumer and Business Services may add a category of insurance business to an adjuster or insurance consultant license...
- 744.004 Firm or corporation license.
(1) The Director of the Department of Consumer and Business Services may issue or amend a firm or corporation license under ORS 744.002 only if...
- 744.005 [1967 c.359 §525; repealed by 1989 c.701 §81]
- 744.007 Time of expiration of license; renewal fee; rules.
(1) A license issued under ORS 744.002 expires on its expiration date unless it is renewed on or before its expiration date. (2) A license...
- 744.008 Renewal of license; fee; rules.
An adjuster or insurance consultant may renew a license subject to the following requirements: (1) The licensee must pay the applicable fee established by the...
- 744.009 Renewal of expired license; fee.
(1) The Director of the Department of Consumer and Business Services may renew an expired license of an adjuster or insurance consultant upon application if...
- 744.010 [Repealed by 1967 c.359 §704]
- 744.011 Director’s authority to investigate licensee; qualification for license by person who voluntarily surrendered license.
(1) The expiration of a license or the voluntary surrender of a license by a licensee under this chapter shall not deprive the Director of...
- 744.012 [1979 c.501 §1; 1989 c.701 §41; renumbered 744.240 in 1989]
- 744.013 Disciplinary actions against applicant, adjuster or insurance consultant.
(1) If the Director of the Department of Consumer and Business Services finds with respect to an adjuster or insurance consultant or an applicant for...
- 744.014 Condition of probation on license or on category or class of insurance; disciplinary action during probationary period.
(1) The Director of the Department of Consumer and Business Services may place a condition of probation on an adjuster or insurance consultant license or...
- 744.015 [1967 c.359 §526; 1989 c.701 §22; renumbered 744.054 in 1989]
- 744.016 [Formerly 744.265; repealed by 2001 c.191 §61]
- 744.017 [1971 c.231 §8; 1989 c.701 §42; renumbered 744.245 in 1989]
- 744.018 Reinstatement of license; modification of suspension.
With regard to any license issued under this chapter: (1) The Director of the Department of Consumer and Business Services may reinstate a revoked license,...
- 744.020 [Repealed by 1967 c.359 §704]
- 744.022 Authorized activities.
(1) A firm or corporate adjuster or insurance consultant may engage in a category of insurance business or a class of insurance authorized on its...
- 744.024 Places of business for resident adjuster or insurance consultant; records.
(1) Each resident adjuster or insurance consultant shall maintain in this state a place of business in which the licensee principally engages in insurance business...
- 744.025 [1967 c.359 §527; 1971 c.385 §6; 1979 c.501 §3; 1979 c.829 §9a; 1981 c.247 §18; 1983 c.464 §1; 1985 c.762 §188; 1989 c.701 §23; renumbered 744.057 in 1989]
- 744.026 Place of business for nonresident adjuster or insurance consultant; records.
(1) A nonresident adjuster or insurance consultant shall keep at the principal place of business of the licensee the usual and customary records pertaining to...
- 744.028 Notice of change of address or telephone number.
(1) Not later than the 30th day after an adjuster or insurance consultant changes the address or telephone number of the principal place of business...
- 744.030 [Amended by 1965 c.610 §12; repealed by 1967 c.359 §704]
- 744.031 Notice of personnel changes from firm or corporate adjuster or insurance consultant to director; rules.
(1) Not later than the 30th day after the authority of an individual adjuster or insurance consultant to act for a firm or corporate adjuster...
- 744.033 Manner of application or notification.
Any application or notice to the Director of the Department of Consumer and Business Services regarding the licensing of an adjuster or insurance consultant under...
- 744.035 [1967 c.359 §528; 1985 c.697 §18; repealed by 1989 c.701 §81]
- 744.037 Fees; refunds; rules.
A fee paid in connection with a license or a license application under this chapter is not refundable unless the Director of the Department of...
- 744.039 [1991 c.810 §22; 2001 c.191 §23; renumbered 744.077 in 2001]
- 744.040 [Repealed by 1967 c.359 §704]
- 744.045 [1967 c.359 §529; 1983 c.76 §2; 1987 c.916 §8; 1989 c.331 §33; 1989 c.701 §25; renumbered 744.066 in 1989]
- 744.050 [Repealed by 1953 c.93 §2]
- 744.051 [1989 c.701 §21; 1991 c.810 §5; repealed by 2001 c.191 §61]
- 744.052 Definitions.
As used in ORS 744.052 to 744.089: (1) “Business entity” has the meaning given that term in ORS 731.116. (2) “Home state” means any state,...
- 744.053 Requirements to be licensed as insurance producer for class of insurance.
A person may not sell, solicit or negotiate insurance in this state for any class or classes of insurance unless the person is licensed as...
- 744.054 [Formerly 744.015; 1991 c.810 §6; repealed by 2001 c.191 §61]
- 744.055 [1967 c.359 §530; 1971 c.231 §27; 1987 c.222 §1; 1989 c.701 §27; renumbered 744.071 in 1989]
- 744.056 Exemptions from insurance producer licensing requirements.
(1) ORS 744.052 to 744.089 do not require an insurer to obtain a license as an insurance producer as required by ORS 744.053. For purposes...
- 744.057 [Formerly 744.025; 1997 c.631 §547; 1999 c.59 §227; repealed by 2001 c.191 §61]
- 744.058 Written examination; fees; rules.
(1) An individual applying for a resident insurance producer license must pass a written examination unless the individual is exempt from the prelicensing education and...
- 744.059 Qualifications for license; use of uniform application.
(1) An individual applying for a resident insurance producer license shall apply to the Director of the Department of Consumer and Business Services on the...
- 744.060 [Repealed by 1953 c.93 §2]
- 744.061 Banking institution as insurance producer.
(1) The Insurance Code does not limit or prohibit the licensing of a banking institution, as defined in ORS 706.008, as an insurance producer to...
- 744.062 Issuance of insurance producer license; rules.
(1) Unless the Director of the Department of Consumer and Business Services refuses to issue or renew a license pursuant to ORS 744.074, a person...
- 744.063 Nonresident insurance producer license; fee.
(1) Unless the Director of the Department of Consumer and Business Services refuses to issue or renew a license pursuant to ORS 744.074, a nonresident...
- 744.064 Persons licensed elsewhere.
(1) Unless denied a license pursuant to ORS 744.074, a person who is currently licensed as a resident insurance producer in a Canadian province, in...
- 744.065 [1967 c.359 §531; 1969 c.336 §14; 1973 c.89 §1; 1983 c.76 §3; 1989 c.413 §10; repealed by 1989 c.701 §81]
- 744.066 [Formerly 744.045; repealed by 2001 c.191 §61]
- 744.067 Exemptions from prelicensing education or examination requirement.
(1) An individual who applies for a resident insurance producer license in this state who is or was previously licensed as an insurance producer for...
- 744.068 Required notifications; maintenance of usual and customary records; rules.
(1) An insurance producer shall notify the Director of the Department of Consumer and Business Services prior to transacting business under the insurance producer license...
- 744.069 [1989 c.701 §26; repealed by 2001 c.191 §61]
- 744.070 [Amended by 1967 c.359 §480; renumbered 743.603]
- 744.071 [Formerly 744.055; repealed by 2001 c.191 §61]
- 744.072 Renewal or reinstatement of insurance producer license; continuing education; rules.
(1) An insurance producer license remains in effect unless revoked or suspended as long as all applicable fees are paid by the due date and,...
- 744.073 Temporary insurance producer license.
(1) The Director of the Department of Consumer and Business Services may issue a temporary insurance producer license for a period not to exceed 180...
- 744.074 Authority of director to place licensee on probation or to suspend, revoke or refuse to issue or renew license.
(1) The Director of the Department of Consumer and Business Services may place a licensee on probation or suspend, revoke or refuse to issue or...
- 744.075 [1967 c.359 §532; 1983 c.76 §4; 1989 c.701 §28; 1991 c.810 §7; repealed by 2001 c.191 §61]
- 744.076 Payment of commission, service fee or brokerage.
(1) An insurer or insurance producer may not pay a commission, service fee, brokerage or other valuable consideration to a person for selling, soliciting or...
- 744.077 Conditions under which person licensed as insurance producer and consultant may accept commission or fee; rules.
(1) The Director of the Department of Consumer and Business Services shall establish by rule the conditions under which a person who is licensed as...
- 744.078 Appointment of insurance producers; rules.
(1) An insurance producer shall not act as an agent of an insurer unless: (a) The insurance producer is an appointed agent of that insurer;...
- 744.079 Termination of relationship with insurance producer.
(1) An insurer or authorized representative of the insurer who terminates the appointment, employment, contract or other insurance business relationship with an insurance producer shall...
- 744.080 [Repealed by 1967 c.359 §704]
- 744.081 Termination of appointment.
(1) An insurer may terminate an agency appointment at any time as provided in this section. Termination shall be without prejudice to the contract rights,...
- 744.082 Waiver of requirement for nonresident insurance producer license applicant.
The Director of the Department of Consumer and Business Services shall waive any requirement for a nonresident insurance producer license applicant with a valid resident...
- 744.083 Trust account for premium funds; commingling; exceptions; rules.
(1) All premium funds received by a resident insurance producer shall be accounted for and maintained in a trust account separate from all other business...
- 744.084 Certificate of deposit in lieu of trust account; rules.
(1) In lieu of the trust account required by ORS 744.083, a resident insurance producer may keep a certificate of deposit from an institution insured...
- 744.085 [1967 c.359 §533; 1971 c.231 §28; 1977 c.174 §1; 1977 c.820 §1; 1979 c.501 §4; 1981 c.817 §1; 1983 c.76 §5; 1989 c.701 §29; 1991 c.810 §8; 1993 c.447 §85; 1995 c.334 §1; repealed by 2001 c.191 §61]
- 744.086 Applicability of Insurance Code to insurance producers transacting title insurance.
The Legislative Assembly finds that it is in the interest of the insurance-buying public that insurance producers authorized to transact title insurance be subject to...
- 744.087 Filing insurance producers compensation agreements; filing not public record.
The Director of the Department of Consumer and Business Services may require the filing by an insurer of any compensation agreements for insurance producers who...
- 744.088 Training requirements to be licensed as insurance producer for long term care insurance.
(1) An individual may not sell, solicit or negotiate long term care insurance unless the individual is licensed as an insurance producer for health or...
- 744.089 Report of administrative action taken against insurance producer.
(1) An insurance producer shall report to the Director of the Department of Consumer and Business Services any administrative action taken against the insurance producer...
- 744.090 [Amended by 1967 c.359 §370; renumbered 743.111]
- 744.091 Additional conditions under which person licensed as insurer or insurance producer may charge commission or service fee; rules.
(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...
- 744.093 Solicitation or sale of insurance policy by retail insurance producer or wholesale insurance producer; rules.
(1) As used in this section: (a) “Retail insurance producer” means an insurance producer who directly solicits or sells an insurance policy to a prospective...
- 744.095 [1967 c.359 §534; repealed by 1989 c.701 §81]
- 744.100 [Repealed by 1967 c.359 §704]
- 744.105 [1967 c.359 §535; 1971 c.231 §29; repealed by 1989 c.701 §81]
- 744.110 [Repealed by 1967 c.359 §704]
- 744.115 [1967 c.359 §536; 1971 c.231 §30; 1973 c.515 §3; 1977 c.174 §2; 1979 c.501 §5; 1981 c.817 §2; 1987 c.774 §138; 1987 c.916 §9; 1989 c.331 §25; 1989 c.701 §30; 1991 c.810 §9; 1993 c.265 §7; 1995 c.334 §2; repealed by 2001 c.191 §61]
- 744.119 [Formerly 744.205; 1991 c.810 §10; 1993 c.447 §86; 1997 c.131 §4; repealed by 2001 c.191 §61]
- 744.120 [Repealed by 1967 c.359 §704]
- 744.123 [Formerly 744.195; repealed by 2001 c.191 §61]
- 744.125 [1959 c.367 §1; 1967 c.359 §501; renumbered 743.666]
- 744.127 [1989 c.701 §33; 1991 c.810 §11; repealed by 2001 c.191 §61]
- 744.130 [Amended by 1955 c.226 §1; 1967 c.359 §502; renumbered 743.669]
- 744.135 [1967 c.359 §537; 1973 c.89 §2; repealed by 1989 c.701 §81]
- 744.140 [Repealed by 1967 c.359 §704]
- 744.145 [1967 c.359 §538; 1989 c.701 §35; repealed by 2001 c.191 §61]
- 744.150 [Repealed by 1967 c.359 §704]
- 744.155 [1967 c.359 §539; 1971 c.231 §31; 1975 c.769 §5; 1989 c.413 §11; 1989 c.701 §§34,81c; 1993 c.265 §8; repealed by 2001 c.191 §61]
- 744.160 [Repealed by 1967 c.359 §704]
- 744.165 [Formerly 739.520; 1971 c.231 §32; 1983 c.265 §1; repealed by 2001 c.191 §61]
- 744.170 [Repealed by 1967 c.359 §704]
- 744.175 [1967 c.359 §541; 1975 c.769 §6; 1989 c.692 §§1,2; 1989 c.701 §36; 2001 c.191 §24a; renumbered 744.081 in 2001]
- 744.180 [Repealed by 1967 c.359 §704]
- 744.182 [1989 c.701 §37; 1995 c.639 §5; repealed by 2001 c.191 §61]
- 744.185 [1967 c.359 §542; repealed by 1989 c.701 §81]
- 744.190 [Repealed by 1967 c.359 §704]
- 744.195 [1967 c.359 §543; 1989 c.413 §12; 1989 c.701 §§32,81d; renumbered 744.123 in 1989]
- 744.200 [Repealed by 1967 c.359 §704]
- 744.205 [1967 c.359 §544; 1977 c.820 §2; 1979 c.501 §6; 1981 c.817 §3; 1983 c.76 §6; 1989 c.701 §31; renumbered 744.119 in 1989]
- 744.215 [1967 c.359 §545; 1989 c.413 §13; 1989 c.701 §40; renumbered 744.235 in 1989]
- 744.225 [1987 c.569 §2; 1989 c.701 §38; 1997 c.631 §549; 2001 c.191 §24b; renumbered 744.083 in 2001]
- 744.227 [1989 c.680 §2; 2001 c.191 §24c; renumbered 744.084 in 2001]
- 744.231 [1989 c.701 §39; repealed by 2001 c.191 §61]
- 744.235 [Formerly 744.215; repealed by 1993 c.265 §14]
- 744.240 [Formerly 744.012; renumbered 744.086 in 2001]
- 744.245 [Formerly 744.017; 1999 c.55 §4; renumbered 744.087 in 2001]
- 744.255 [1967 c.359 §546; 1969 c.336 §15; 1983 c.76 §7; 1985 c.697 §15; 1987 c.774 §141; 1989 c.701 §8; renumbered 744.013 in 1989]
- 744.260 [1971 c.231 §9; 1983 c.76 §8; 1985 c.697 §16; 1989 c.701 §9; renumbered 744.014 in 1989]
- 744.265 [1967 c.359 §547; 1983 c.76 §9; 1989 c.701 §10; renumbered 744.016 in 1989]
- 744.300 License and indorsement; managing general agent described.
(1) A person shall not act as a managing general agent with respect to risks located in this state for an authorized insurer unless the...
- 744.301 Exemptions from license requirement.
The following persons are exempt from ORS 744.300: (1) An employee of an insurer, when the employee is acting as a managing general agent for...
- 744.303 Certificate of errors and omissions insurance; rules.
(1) A managing general agent must maintain with the Director of the Department of Consumer and Business Services at all times a current certificate of...
- 744.305 [Formerly 750.010; repealed by 1987 c.774 §154]
- 744.306 Contract between insurer and managing general agent.
A person acting as a managing general agent shall not place business with an insurer unless a written contract is in force between the parties....
- 744.308 Limitations on authority of insurer and managing general agent.
(1) An insurer shall not allow a managing general agent, without prior approval of the insurer, to pay or commit the insurer to pay a...
- 744.310 [Repealed by 1967 c.359 §704]
- 744.311 Books, bank accounts and records.
A managing general agent shall maintain all of its books, bank accounts and records in a form usable by the Director of the Department of...
- 744.313 Financial examination; loss reserves; notification of appointment and termination; acts of managing general agent attributed to insurer.
(1) An insurer shall have on file an independently performed financial examination of each managing general agent with which it has done business, in a...
- 744.314 Rules.
The Director of the Department of Consumer and Business Services may adopt rules to carry out ORS 744.300 to 744.316. [1991 c.495 §10]
- 744.315 [Formerly 750.020; 1981 c.455 §1; repealed by 1987 c.774 §154]
- 744.316 Authority of director if managing general agent violates provisions of ORS 744.300 to 744.316.
If the Director of the Department of Consumer and Business Services finds that a managing general agent has violated any provision of ORS 744.300 to...
- 744.319 Definitions.
As used in ORS 744.319 to 744.358: (1) “Licensee” means either a life settlement provider or life settlement broker. (2) “Life settlement broker” means a...
- 744.320 [Amended by 1959 c.369 §5; repealed by 1967 c.359 §704]
- 744.321 Life settlement providers.
(1) A person shall not act as a life settlement provider unless the person holds a license of life settlement provider issued by the Director...
- 744.323 Life settlement brokers.
(1) A person shall not act as a life settlement broker unless the person holds a license of life settlement broker issued by the Director...
- 744.325 [1967 c.359 §550; repealed by 1987 c.774 §154]
- 744.326 License application; fee.
(1) In order to obtain a license to transact business as a life settlement provider or as a life settlement broker, an applicant shall apply...
- 744.328 Issuance of license.
(1) If the Director of the Department of Consumer and Business Services determines that an applicant has satisfied all requirements for the license for which...
- 744.330 [Repealed by 1967 c.359 §704]
- 744.331 Expiration of license; rules for renewal.
(1) A license issued under ORS 744.328 expires on its expiration date unless it is renewed on or before its expiration date. (2) Unless the...
- 744.333 Individual acting as provider under license of firm or corporation.
An individual may act as a life settlement provider under the authority of the license of a firm or corporate life settlement provider, whether or...
- 744.335 [1967 c.359 §551; 1981 c.455 §2; repealed by 1987 c.774 §154]
- 744.336 Notification by licensee of material change affecting qualification for license.
A licensee shall immediately notify the Director of the Department of Consumer and Business Services of any material change in ownership or control or in...
- 744.338 Suspension, revocation, refusal to issue or renew license.
(1) The Director of the Department of Consumer and Business Services may suspend, revoke, refuse to issue or refuse to renew a license of a...
- 744.340 [Repealed by 1967 c.359 §704]
- 744.341 Terms of contract.
(1) A life settlement contract must be in writing. A life settlement provider shall establish in the contract the terms under which the life settlement...
- 744.343 Annual report by provider.
Each life settlement provider shall file a report for the preceding calendar year with the Director of the Department of Consumer and Business Services on...
- 744.345 [Formerly 750.040; repealed by 1987 c.774 §154]
- 744.346 Examination of business and practices of licensee or applicant; records.
(1) The Director of the Department of Consumer and Business Services may examine the business and practices of any licensee or applicant for a license...
- 744.348 Disclosure of information to policyholder.
A life settlement provider shall disclose the information specified in this section to the policyholder or certificate holder entering the life settlement contract, not later...
- 744.350 [Repealed by 1967 c.359 §704]
- 744.351 Conditions precedent to entering into life settlement contract.
(1) Before a life settlement provider enters into a life settlement contract with a policyholder or certificate holder who has a terminal illness or condition,...
- 744.353 Prohibitions on finder’s fee, solicitations, discrimination.
(1) A licensee shall not pay or offer to pay a finder’s fee, commission or other compensation to a person described in this subsection, in...
- 744.355 [Formerly 750.050; repealed by 1987 c.774 §154]
- 744.356 Payment to escrow or trust account; lump sum payment.
(1) Immediately upon receipt of documents from the policyholder or certificate holder effecting the transfer of the insurance policy or certificate, the life settlement provider...
- 744.358 Rules; standards; bond.
The Director of the Department of Consumer and Business Services may adopt rules for the purpose of carrying out ORS 744.319 to 744.358. In addition:...
- 744.360 [Repealed by 1967 c.359 §704]
- 744.365 [1967 c.359 §554; repealed by 1987 c.774 §154]
- 744.370 [Repealed by 1967 c.359 §704]
- 744.375 [Formerly 750.060; repealed by 1987 c.774 §154]
- 744.380 [Repealed by 1967 c.359 §704]
- 744.385 [Formerly 750.100; repealed by 1987 c.774 §154]
- 744.390 [Repealed by 1967 c.359 §704]
- 744.395 [Repealed by 1967 c.359 §704]
- 744.396 [Formerly 750.080; repealed by 1987 c.774 §154]
- 744.400 [Repealed by 1967 c.359 §704]
- 744.405 [Formerly 750.090; 1979 c.870 §7; repealed by 1987 c.774 §154]
- 744.410 [Amended by 1963 c.463 §1; repealed by 1967 c.359 §704]
- 744.420 [Amended by 1953 c.322 §2; 1963 c.463 §2; repealed by 1967 c.359 §704]
- 744.430 [Amended by 1955 c.226 §2; 1963 c.463 §3; 1967 c.359 §503; renumbered 743.672]
- 744.440 [Amended by 1967 c.359 §504; renumbered 743.675]
- 744.450 [Amended by 1967 c.359 §505; renumbered 743.678]
- 744.460 [Amended by 1967 c.359 §506; renumbered 743.681]
- 744.470 [Repealed by 1967 c.359 §704]
- 744.480 [Repealed by 1967 c.359 §704]
- 744.490 [Repealed by 1967 c.359 §704]
- 744.500 [Repealed by 1967 c.359 §704]
- 744.505 Adjuster license required.
(1) Except as provided in ORS 744.515, a person shall not act or attempt to act as an adjuster of losses claimed under insurance policies,...
- 744.510 [Repealed by 1967 c.359 §704]
- 744.515 Exemptions from adjuster licensing requirement.
(1) A licensed resident insurance producer or salaried employee or officer of an authorized insurer may adjust and settle losses for the insurer that the...
- 744.520 [Repealed by 1967 c.359 §704]
- 744.525 Adjuster qualifications.
An applicant for a license as a resident adjuster shall apply for the license as provided in ORS 744.001 and must meet the following requirements:...
- 744.528 Nonresident adjuster license.
(1) A person who resides in another state or a province of Canada and is licensed in that state or province as an adjuster may...
- 744.530 [1957 c.247 §1; repealed by 1967 c.359 §704]
- 744.531 Classes of insurance for adjusters.
When the Director of the Department of Consumer and Business Services issues a license authorizing a person to act as an adjuster, the director shall...
- 744.535 Adjuster licensing examination.
(1) The Director of the Department of Consumer and Business Services shall give an examination to each individual applicant for a license as an adjuster....
- 744.538 Change of circumstance of nonresident adjuster.
(1) A nonresident adjuster shall not act as an adjuster in this state when the adjuster no longer holds a valid license as an adjuster...
- 744.540 [1957 c.247 §2; repealed by 1967 c.359 §704]
- 744.541 Adjustment of claim under policy issued by unauthorized insurer.
An adjuster may adjust a loss claimed under an insurance policy issued by an unauthorized insurer other than a surplus line insurer. The adjuster shall...
- 744.545 [1967 c.359 §563; 1983 c.76 §13; 1989 c.413 §16; repealed by 1989 c.701 §81]
- 744.550 [1957 c.247 §3; repealed by 1967 c.359 §704]
- 744.555 Temporary adjuster permit.
(1) To facilitate the settlement of claims under insurance policies when there is widespread property loss in this state arising out of a catastrophe, the...
- 744.560 [1957 c.247 §4; repealed by 1967 c.359 §704]
- 744.565 [1957 c.247 §5; repealed by 1967 c.359 §704]
- 744.566 [1967 c.359 §565; repealed by 1969 c.336 §21]
- 744.570 [1957 c.247 §6; repealed by 1967 c.359 §704]
- 744.575 Adjusting claims involving credit life or credit health insurance.
No plan or arrangement shall be used with respect to credit life or credit health insurance whereby any person other than the insurer or its...
- 744.580 [1957 c.247 §7; repealed by 1967 c.359 §704]
- 744.590 [1957 c.247 §8; repealed by 1967 c.359 §704]
- 744.600 [1957 c.247 §9; repealed by 1967 c.359 §704]
- 744.605 Insurance consultant’s license required.
(1) A person shall not act as an insurance consultant unless the person holds a valid license issued by the Director of the Department of...
- 744.609 Exemptions.
The following persons are not insurance consultants for the purposes of this chapter, and the prohibition in ORS 744.605 does not apply to them: (1)...
- 744.610 [1957 c.247 §10; repealed by 1967 c.359 §704]
- 744.615 [1985 c.697 §4; repealed by 1989 c.701 §81]
- 744.619 Qualifications for resident insurance consultant’s license; rules.
An applicant for a license as a resident insurance consultant shall apply for the license as provided in ORS 744.001 and must meet the following...
- 744.620 [1957 c.247 §11; repealed by 1967 c.359 §704]
- 744.621 Nonresident insurance consultant license.
(1) A person who resides in another state or province of Canada and is licensed in that state or province as an insurance consultant or...
- 744.625 [1985 c.697 §6; 1987 c.774 §142; repealed by 1989 c.701 §81]
- 744.626 Classes of insurance for consultants.
When the Director of the Department of Consumer and Business Services issues a license authorizing a person to act as an insurance consultant, the director...
- 744.629 [1985 c.697 §7; repealed by 1989 c.701 §81]
- 744.630 [1957 c.247 §12; repealed by 1967 c.359 §704]
- 744.631 Change of circumstance of nonresident insurance consultant.
(1) A nonresident insurance consultant shall not act as an insurance consultant in this state when the insurance consultant no longer holds a valid license...
- 744.635 Errors and omissions insurance; rules.
(1) An insurance consultant shall maintain with the Director of the Department of Consumer and Business Services a current certificate of errors and omissions insurance...
- 744.639 [1985 c.697 §9; repealed by 1989 c.701 §81]
- 744.640 [1957 c.247 §13; repealed by 1967 c.359 §704]
- 744.645 [1985 c.697 §10; repealed by 1989 c.701 §81]
- 744.650 Disclosure by insurance consultants; rules.
(1) An insurance consultant shall furnish to each client and prospective client a written disclosure statement containing the following information: (a) A description of the...
- 744.655 Rebates prohibited.
An insurance consultant may not give or receive or offer to give or receive a rebate of all or a part of any fee or...
- 744.660 [1985 c.697 §13; repealed by 1989 c.701 §81]
- 744.665 Continuing education; rules.
The Director of the Department of Consumer and Business Services by rule may establish requirements for continuing education that each insurance consultant must satisfy as...
- 744.700 Definitions for ORS 744.700 to 744.740.
As used in ORS 744.700 to 744.740: (1) “Affiliate” of, or person “affiliated” with, a specific person means any person who directly or indirectly through...
- 744.702 Third party administrator license; description of transacting business as third party administrator.
(1) Subject to ORS 744.704, a person shall not transact business or purport or offer to transact business as a third party administrator in this...
- 744.704 Exemptions from license requirement; rules.
(1) The following persons are exempt from the licensing requirement for third party administrators in ORS 744.702 and from all other provisions of ORS 744.700...
- 744.706 Application for license.
(1) In order to obtain a license to transact business as a third party administrator, an applicant shall apply for the license on a form...
- 744.708 Waiver of information requirement.
Upon request from a third party administrator, the Director of the Department of Consumer and Business Services may waive requirements established pursuant to ORS 744.706...
- 744.710 Issuance or denial of license.
(1) If the Director of the Department of Consumer and Business Services determines that an applicant has satisfied all requirements for a license as a...
- 744.712 Expiration and renewal of license; rules for renewal.
(1) A license of a third party administrator expires on its expiration date unless it is renewed on or before its expiration date. (2) Unless...
- 744.714 Registration of persons exempt from licensure.
A person who is exempt from the requirement of a license as a third party administrator under ORS 744.704 because the person acts solely as...
- 744.716 Notification of change in ownership or control.
A third party administrator shall immediately notify the Director of the Department of Consumer and Business Services of any material change in ownership or control...
- 744.718 Suspension, revocation or refusal of issuance or renewal of license.
(1) The Director of the Department of Consumer and Business Services shall suspend, revoke or refuse to renew a license of a third party administrator...
- 744.720 Agreement between insurer and third party administrator.
(1) A third party administrator licensed under ORS 744.702 may transact business as a third party administrator only pursuant to a written agreement between the...
- 744.722 Relationship of insurer and third party administrator regarding payments.
(1) When an insurer uses the services of a third party administrator: (a) Payment to the third party administrator of any premiums or charges for...
- 744.724 Books and records.
(1) Except as provided in subsection (4) of this section, a third party administrator shall maintain and make available to the insurer complete books and...
- 744.726 Errors and omissions insurance; rules.
(1) A third party administrator must maintain with the Director of the Department of Consumer and Business Services at all times a current certificate of...
- 744.728 Advertising.
A third party administrator may use only such advertising pertaining to the business underwritten by an insurer that the insurer has approved in advance of...
- 744.730 Disposition of charges and premiums.
(1) A third party administrator shall hold in a fiduciary capacity all insurance charges or premiums collected by the third party administrator on behalf of...
- 744.732 Contingent fee agreements.
(1) A third party administrator shall not enter into any agreement or understanding with an insurer the effect of which is to make the amount...
- 744.734 Notice to insureds regarding third party administrator.
(1) When an insurer uses the services of a third party administrator, the third party administrator shall provide to covered individuals a written notice approved...
- 744.736 Delivery from insurer to insured.
When the third party administrator receives policies, certificates, booklets, termination notices or other written communications from the insurer for delivery to insured parties or covered...
- 744.738 Annual report.
(1) Each third party administrator shall file an annual report for the preceding calendar year with the Director of the Department of Consumer and Business...
- 744.740 Responsibility of insurer using third party administrator.
(1) An insurer who uses the services of a third party administrator is responsible for determining the benefits, premium rates, underwriting criteria and claims payment...
- 744.800 Qualifications for reinsurance intermediary brokers and managers.
(1) For purposes of ORS 744.800 to 744.818: (a) A reinsurance intermediary broker is a person who solicits, negotiates or places reinsurance cessions or retrocessions...
- 744.802 Exemptions from application of requirements for reinsurance intermediary brokers and managers.
(1) An officer or employee of a ceding insurer is not subject to the requirements of ORS 744.800 to 744.818 that apply to reinsurance intermediary...
- 744.804 Conditions under which reinsurance intermediary broker and insurer may enter into transactions.
A reinsurance intermediary broker and the insurer it represents in the capacity of a reinsurance intermediary broker may enter one or more transactions between them...
- 744.806 Records required to be kept by reinsurance intermediary brokers.
(1) A reinsurance intermediary broker must keep a complete record for each transaction of a contract of reinsurance as provided in this subsection. For each...
- 744.808 Prohibition on use of unlicensed reinsurance intermediary broker; requirement that insurer obtain financial statement of reinsurance intermediary broker.
(1) An insurer may not engage the services of any person to act as a reinsurance intermediary broker on its behalf unless the person is...
- 744.810 Conditions under which reinsurance intermediary manager and reinsurer may enter into transactions.
A reinsurance intermediary manager and the reinsurer it represents in that capacity may enter a transaction only pursuant to a written contract that specifies the...
- 744.812 Prohibitions on actions of reinsurance intermediary managers.
A reinsurance intermediary manager may not do any of the following: (1) Cede retrocessions on behalf of the reinsurer that the reinsurance intermediary manager represents,...
- 744.814 Prohibition on use of unlicensed reinsurance intermediary manager; requirement that reinsurer obtain financial statement of reinsurance intermediary manager and opinion of actuary.
(1) A reinsurer may not engage the services of any person to act as a reinsurance intermediary manager on its behalf unless the person is...
- 744.816 Director access to books, accounts and records.
(1) The Director of the Department of Consumer and Business Services may examine any reinsurance intermediary broker and any reinsurance intermediary manager. The director shall...
- 744.818 Errors and omissions insurance for reinsurance intermediary manager; rules.
(1) A resident reinsurance intermediary acting as a reinsurance intermediary manager shall maintain with the Director of the Department of Consumer and Business Services a...
- 744.820 Director authority if reinsurance intermediary broker or manager violates provisions of ORS 744.800 to 744.818.
If the Director of the Department of Consumer and Business Services finds that a reinsurance intermediary broker or a reinsurance intermediary manager has violated any...
- 744.850 Definitions for ORS 744.850 to 744.858.
As used in ORS 744.850 to 744.858: (1) “Limited license” means a license issued under ORS 744.852 that authorizes a rental company to offer or...
- 744.852 Limited license for rental companies; application; rules.
(1) The Director of the Department of Consumer and Business Services shall adopt rules establishing information required to be submitted by rental companies applying for...
- 744.854 Kinds of insurance authorized by limited license.
A limited license issued under ORS 744.852 authorizes a rental company to offer and sell the following kinds of insurance in connection with the rental...
- 744.856 Conditions for issuance of insurance; training; filing officer.
(1) A rental company issued a limited license under ORS 744.852 may not issue insurance pursuant to ORS 744.854 unless: (a) The rental agreement is...
- 744.858 Revocation or suspension of limited license; other penalties; application of Insurance Code; rules.
(1) If a rental company issued a limited license under ORS 744.852 offers or sells insurance not authorized by ORS 744.854, or violates any provision...
- 744.990 [Repealed by 1967 c.359 §704]
Last modified: August 7, 2008