Or. Admin. Code § 836-071-0450

Current through Register Vol. 63, No. 12, December 1, 2024

Section 836-071-0450 - Requirements for Limited Travel Insurance Producer and Travel Retailer

(1) In order to comply with ORS 744.104(2)(b), a limited travel insurance producer shall:

(a) Establish and maintain a register containing all of the information required under ORS 744.104(2)(a);

(b) Include on the register:

(A) The license number of any person described in ORS 744.104(d) and ORS 744.104(e) who is a licensed insurance producer; or

(B) The fingerprints and background check results of any person described in ORS 744.104(d) and ORS 744.104(e) who is not a licensed insurance producer; and

(c) Use the model form provided by the director of the Department of Consumer and Business Services at dfr.oregon.gov or a substantially similar form filed with and approved by the director;

(d) Update retained information recorded on the register at least annually

(e) Maintain the register in such a manner that the document and all necessary required attachments are available to be submitted in electronic form to the director within 30 days of a request as under ORS 744.104(2)(c);

(f) Maintain records of the register after the expiration of a policy as required under ORS 744.068; and

(g) Notify the director in writing of any material changes in the affidavit described in ORS

(2) All persons specified in ORS 744.104(2)(d) must:

(a) Hold a license as an insurance producer under ORS 744.052 to 744.089;

(3) All persons specified in ORS 744.104(2)(e) must:

(a) Furnish fingerprints and results from criminal history check as defined under OAR 836-072-0010 to the limited travel insurance producer keeping the register required under ORS 744.104(2)

(4) A program of instruction or training described under ORS 744.104(2)(g) shall:

(a) Include compliance with requirements under ORS 744.104(3) and (4);

(b) Address the types of insurance offered by the limited travel insurance producer and ethical sales practices; and

(c) Be provided at least annually for all active travel retail employees.

Or. Admin. Code § 836-071-0450

ID 7-2016, f. 6-30-16, cert. ef. 7/1/2016; ID 37-2023, minor correction filed 07/20/2023, effective 7/20/2023

Table referenced is not included in rule text. Click here for PDF of table.

Statutory/Other Authority: ORS 731.244, ORS 744.111, ORS 744.062 & ORS 744.104

Statutes/Other Implemented: ORS 744.062, ORS 744.101, ORS 744.104 & ORS 744.107