Or. Admin. Code § 836-074-0040

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

Section 836-074-0040 - Interest on Trust Funds

Unless an insurance producer and the insurer agree to the contrary, interest earned in a premium funds trust account may be retained by the insurance producer and:

(1) Used to offset bank charges; or

(2) Removed to the operating account of the insurance producer.

Or. Admin. Code § 836-074-0040

ID 9-1987, f. 12-22-87, cert. ef. 1-1-88; ID 8-2005, f. 5-18-05, cert. ef. 8-1-05

Stat. Auth.: ORS 731

Stats. Implemented: ORS 744.083