ORS Chapter 744

Chapter 744 — InsuranceProducers; Life Settlement Providers,

Brokers andContracts; Adjusters; Consultants; Third Party Administrators;

ReinsuranceIntermediaries; Rental Company Limited Licenses

2009 EDITION

LICENSEESAND ADMINISTRATORS

INSURANCE

GENERALPROVISIONS

744.001 Licenseapplication; fees

744.002 Licensecategories

744.003 Amendmentto license

744.004 Firmor corporation license

744.007 Timeof expiration of license; renewal fee; rules

744.008 Renewalof license; fee; rules

744.009 Renewalof expired license; fee

744.011 Director’sauthority to investigate licensee; qualification for license by person whovoluntarily surrendered license

744.013 Disciplinaryactions against applicant, adjuster or insurance consultant

744.014 Conditionof probation on license or on category or class of insurance; disciplinaryaction during probationary period

744.018 Reinstatementof license; modification of suspension

744.022 Authorizedactivities

744.024 Placesof business for resident adjuster or insurance consultant; records

744.026 Placeof business for nonresident adjuster or insurance consultant; records

744.028 Noticeof change of address or telephone number

744.031 Noticeof personnel changes from firm or corporate adjuster or insurance consultant todirector; rules

744.033 Mannerof application or notification

744.037 Fees;refunds; rules

INSURANCEPRODUCERS

744.052 Definitions

744.053 Requirementsto be licensed as insurance producer for class of insurance

744.056 Exemptionsfrom insurance producer licensing requirements

744.058 Writtenexamination; fees; rules

744.059 Qualificationsfor license; use of uniform application

744.061 Bankinginstitution as insurance producer

744.062 Issuanceof insurance producer license; rules

744.063 Nonresidentinsurance producer license; fee

744.064 Personslicensed elsewhere

744.067 Exemptionsfrom prelicensing education or examination requirement

744.068 Requirednotifications; maintenance of usual and customary records; rules

744.072 Renewalor reinstatement of insurance producer license; continuing education; rules

744.073 Temporaryinsurance producer license

744.074 Authorityof director to place licensee on probation or to suspend, revoke or refuse toissue or renew license

744.076 Paymentof commission, service fee or brokerage

744.077 Conditionsunder which person licensed as insurance producer and consultant may acceptcommission or fee; rules

744.078 Appointmentof insurance producers; rules

744.079 Terminationof relationship with insurance producer

744.081 Terminationof appointment

744.082 Waiverof requirement for nonresident insurance producer license applicant

744.083 Trustaccount for premium funds; commingling; exceptions; rules

744.084 Certificateof deposit in lieu of trust account; rules

744.086 Applicabilityof Insurance Code to insurance producers transacting title insurance

744.087 Filinginsurance producers compensation agreements; filing not public record

744.088 Trainingrequirements to be licensed as insurance producer for long term care insurance

744.089 Reportof administrative action taken against insurance producer

744.091 Additionalconditions under which person licensed as insurer or insurance producer maycharge commission or service fee; rules

744.093 Solicitationor sale of insurance policy by retail insurance producer or wholesale insuranceproducer; rules

MANAGINGGENERAL AGENTS

744.300 Licenseand indorsement; managing general agent described

744.301 Exemptionsfrom license requirement

744.303 Certificateof errors and omissions insurance; rules

744.306 Contractbetween insurer and managing general agent

744.308 Limitationson authority of insurer and managing general agent

744.311 Books,bank accounts and records

744.313 Financialexamination; loss reserves; notification of appointment and termination; actsof managing general agent attributed to insurer

744.314 Rules

744.316 Authorityof director if managing general agent violates provisions of ORS 744.300 to744.316

LIFESETTLEMENT CONTRACTS

744.318 Definitions

744.321 Lifesettlement providers

744.323 Lifesettlement brokers

744.324 Lifesettlement investment agents

744.326 Licenseapplication; fee

744.328 Issuanceof license

744.331 Expirationof license; rules for renewal

744.333 Individualacting as provider under license of firm or corporation

744.336 Notificationby licensee of material change affecting qualification for license

744.338 Suspension,revocation, refusal to issue or renew license

744.341 Termsof contract

744.343 Annualreport and statement by provider; restrictions on disclosure of information;rules

744.346 Examinationof business and practices of licensee or applicant; records

744.354 Disclosureby life settlement provider, broker or investment agent to policy owner

744.359 Disclosureby life settlement broker or provider to insurer

744.362 Disclosureby insurance company to policy owner; rules

744.364 Lifesettlement contract requirements

744.367 Limitationson ability to enter life settlement contract; exceptions

744.369 Unlawfullife settlement contract actions

744.372 Advertisingof life settlement contracts; rules

744.374 Enforcementof life settlement contract provisions; reporting of violations; requiredantifraud initiatives

744.382 Prohibitionson finder’s fee, solicitations, discrimination

744.384 Rules;standards

ADJUSTERS

744.505 Adjusterlicense required

744.515 Exemptionsfrom adjuster licensing requirement

744.525 Adjusterqualifications

744.528 Nonresidentadjuster license

744.531 Classesof insurance for adjusters

744.535 Adjusterlicensing examination

744.538 Changeof circumstance of nonresident adjuster

744.541 Adjustmentof claim under policy issued by unauthorized insurer

744.555 Temporaryadjuster permit

744.575 Adjustingclaims involving credit life or credit health insurance

INSURANCECONSULTANTS

744.605 Insuranceconsultant’s license required

744.609 Exemptions