ORS § 735.450

Current through 2024 Regular Session legislation

Section 735.450 - Requirements for license as surplus lines insurance licensee

A person may not procure any contract of surplus lines insurance with any nonadmitted insurer for an Oregon home state risk unless the person is licensed under ORS chapter 744 to transact surplus lines insurance. A person may obtain a license to transact surplus lines insurance only if the person is licensed as an insurance producer under ORS chapter 744 to transact property and casualty insurance.

ORS 735.450

1987 c.774 §127; 1989 c.288 §1; 1991 c.810 §26; 1995 c.639 §14; 2001 c.191 §46; 2003 c. 364, § 41; 2011 c. 660, § 14