OAR 836-071-0108
Limited Class Insurance Licenses

For the purpose of ORS 744.062 (Issuance of insurance producer license), the Director establishes the following classifications for limited class insurance licenses, for use on and after July 1, 2005:

(1)

Under a “limited class credit insurance” license, the licensee may transact the following classes of insurance when the insurance is offered in connection with an extension of credit that is limited to partially or wholly extinguishing that credit obligation:

(a)

Credit life insurance. Under this class, an insurance producer may transact credit life insurance as approved under ORS 743.371 (Definitions for credit life and credit health insurance provisions)(1).

(b)

Credit health insurance. Under this class an insurance producer may transact credit health insurance as approved under ORS 743.371 (Definitions for credit life and credit health insurance provisions)(2).

(c)

Credit unemployment and involuntary unemployment insurance. Under this class an insurance producer may transact approved liability coverage for unemployment.

(d)

Credit property insurance. Under this class, an insurance producer may transact insurance against property loss or damage that may result in failure of debtors to pay their obligations to the insured, including but not limited to motor vehicle physical damage insurance. This class does not include mortgage insurance.

(e)

Mortgage guarantee insurance. Under this class, an insurance producer may transact only the insurance that is issued by an authorized mortgage insurer under ORS 742.282 (Limitations on issuance of mortgage insurance) to 742.286 (Mortgage insurance).

(f)

Mortgage life or disability insurance, or mortgage life and disability insurance. Under this class, a lending institution may transact mortgage cancellation insurance as approved under ORS 743.303 (Requirements for issuance of group life insurance policies)(1)(b) and (5).

(g)

Gap insurance. This class applies to a person described in ORS 731.036 (Persons completely exempt from application of Insurance Code)(9) who does not qualify for the exemption in 731.036 (Persons completely exempt from application of Insurance Code)(9) because the person imposes an additional charge to waive the amount described in 731.036 (Persons completely exempt from application of Insurance Code)(9)(b) pursuant to an agreement to lease or to finance the purchase of a motor vehicle.

(2)

Under a “limited class insurance” license, the licensee may transact the following classes of insurance:

(a)

Crop insurance. Under this class, an insurance producer may place insurance providing protection against damage to crops from unfavorable weather conditions, fire or lightning, flood, hail, insect infestation, disease or other yield-reducing conditions or perils provided by the private insurance market, or that is subsidized by the Federal Crop Insurance Corporation, including multi-peril crop insurance.

(b)

Surety insurance. Under this class an insurance producer may place insurance or a bond that covers obligations to pay the debts of, or answer for the default of another, including faithlessness in a position of public or private trust as approved under ORS 742.350 (Bonds, undertakings and other obligations required by law may be executed by surety insurers) to 742.376 (Requirements to issue guaranteed arrest bond certificate). For the purpose of this limited line license, surety does not include surety bail bonds.

(c)

Mechanical breakdown insurance. Under this class an insurance producer may place insurance that provides repair or replacement service, or indemnification for repair or replacement service, for operational or structural failure of property due to defects in materials or workmanship or normal wear and tear, including but not limited to motor vehicles, mobile equipment, boats, appliances and electronics.

(3)

Travel insurance. Under this class as defined in ORS 744.101 (Definitions), a limited travel insurance producer and any travel retailer offering travel insurance on behalf of and at the direction of a limited travel insurance producer shall comply with the requirements set forth in OAR 836-071-0450 (Requirements for Limited Travel Insurance Producer and Travel Retailer).

(4)

For the purpose of making the transition to a mechanical breakdown insurance limited class insurance license under section (2) of this rule rather than as a limited class credit insurance license under section (1) of this rule, the change shall apply to renewals of limited class credit insurance licenses applied for on or after January 1, 2013. A licensee transacting mechanical breakdown insurance under a limited class credit insurance license may continue to do so until the first renewal of the limited class credit license after January 1, 2013.

Source: Rule 836-071-0108 — Limited Class Insurance Licenses, https://secure.­sos.­state.­or.­us/oard/view.­action?ruleNumber=836-071-0108.

836‑071‑0101
Adjuster and Insurance Consultant License Application 836‑071‑0105
Additional Application Information 836‑071‑0108
Limited Class Insurance Licenses 836‑071‑0110
Fingerprints 836‑071‑0112
Social Security Numbers 836‑071‑0113
Crop Insurance 836‑071‑0115
Satisfaction of Qualifications for Classes of Insurance 836‑071‑0117
Managing General Agents 836‑071‑0118
Requirements That Must Be Completed Prior to Submitting Licensing Application 836‑071‑0120
Examination Procedure 836‑071‑0125
Period for Completion of License Application 836‑071‑0127
Examination Scores 836‑071‑0130
Adjuster or Insurance Consultant License Renewal 836‑071‑0135
Renewal of Expired Adjuster or Insurance Consultant License 836‑071‑0140
License Amendment 836‑071‑0145
Amended License Issuance 836‑071‑0146
Individual Insurance Producer License Expiration Date 836‑071‑0148
Extended License Expiration Date, Active Military Duty and Other Extenuating Circumstances 836‑071‑0150
Errors and Omissions Insurance 836‑071‑0160
Errors and Omissions Insurance 836‑071‑0180
Insurance Producer Pre-Examination Requirements 836‑071‑0185
Qualification of Agents Selling Variable Life Insurance, Including Variable Annuities 836‑071‑0190
Registration of a School 836‑071‑0195
Revocation of Registration of a School 836‑071‑0210
Statutory Authority 836‑071‑0215
Continuing Education Requirements for Insurance Producers 836‑071‑0220
Continuing Education 836‑071‑0225
Continuing Education 836‑071‑0230
Continuing Education 836‑071‑0235
Provider Registration 836‑071‑0240
Course Registration 836‑071‑0242
Provider Trade Practices 836‑071‑0245
Revocation of Provider Registration 836‑071‑0247
Requirements for Granting Credit 836‑071‑0250
Credit for Unregistered Courses 836‑071‑0260
Fees Charged by Insurance Producers 836‑071‑0263
Fees Charged by Insurance Consultants or Insurance Producers 836‑071‑0267
Incidental Charges for Customer Services 836‑071‑0269
Purpose and Authority 836‑071‑0272
Scope of OAR 836-071-0269 to 836-071-0277 836‑071‑0274
Service Fees Prohibited on Personal Lines 836‑071‑0277
Service Fees Allowed on Commercial Lines 836‑071‑0280
Permitted and Prohibited Activities of Insurance Personnel Exempt from Insurance Producer License Requirement 836‑071‑0285
Insurance Producer Review of Applications 836‑071‑0287
Transaction of Group Life, Health Insurance by Insurance Producer without Appointment 836‑071‑0291
Certificate of Deposit in Lieu of Trust Account 836‑071‑0295
Transaction of Insurance by Individual Insurance Producer for Appointed Firm or CorporateInsurance Producer 836‑071‑0297
Permitted Transaction of Insurance by Unappointed Insurance Producer 836‑071‑0300
Requirement of Contract with or Employment of Licensee 836‑071‑0310
Referral Fee from Oregon Medical Insurance Pool 836‑071‑0315
Managing General Agents 836‑071‑0320
Managing General Agents 836‑071‑0321
Terms for OAR 836-071-0323 to 836-071-0346 836‑071‑0323
License Applicants and Licensees with Prior Convictions 836‑071‑0326
Application by Person under OAR 836-071-0323 836‑071‑0328
Unlicensed Individuals with Prior Convictions Who are Engaged or Participate in Business of Insurance 836‑071‑0331
Director’s Procedures, Application for Consent 836‑071‑0336
Factors to be Considered by the Director 836‑071‑0341
Issuance of Written Consent 836‑071‑0346
Denial of Consent 836‑071‑0351
Subsequent Conviction of Person Previously Granted Written Consent 836‑071‑0354
Designated Agent 836‑071‑0355
Limited License Application, Rental Companies 836‑071‑0360
License Renewal 836‑071‑0370
List of Employees and Designated Agents Selling Coverage 836‑071‑0380
Course of Training for Training Program and for Continuing Education 836‑071‑0390
Statewide Filing Officer 836‑071‑0400
Applicable Insurance Code Statutes 836‑071‑0405
Statutory Purpose and Authority 836‑071‑0410
Limited License Application, Self-Service Storage Facility 836‑071‑0415
Materials and Requirements of Application 836‑071‑0420
Requirements for Limited Licensee, List of Employees Selling Coverage 836‑071‑0425
Limited License Renewal 836‑071‑0430
Remission to Insurer 836‑071‑0450
Requirements for Limited Travel Insurance Producer and Travel Retailer 836‑071‑0500
Nonresident Licensing and Placement Requirements 836‑071‑0501
Allocation of Coverage Totals on Multi-state Policies 836‑071‑0550
Statutory Purpose and Authority 836‑071‑0560
Limited License Application, Portable Electronics Insurance Coverage 836‑071‑0565
Limited License Renewal 836‑071‑0570
List of Employees Selling Coverage
Last Updated

Jun. 8, 2021

Rule 836-071-0108’s source at or​.us