Oregon Department of Consumer and Business Services, Insurance Regulation

Rule Rule 836-071-0500
Nonresident Licensing and Placement Requirements


(1)

This rule establishes requirements that a nonresident surplus lines licensee or a nonresident insurance producer not licensed in this state must satisfy in connection with placement of a surplus lines insurance policy where Oregon is determined to be the home state as defined in ORS 735.405 (Definitions for ORS 735.400 to 735.495)(8).

(2)

A person who is licensed as a resident agent or producer in another state must be licensed in this state as a nonresident surplus lines insurance licensee in order to place a surplus lines insurance policy on a risk where Oregon is determined to be the home state.

(3)

When a nonresident surplus lines licensee transacts surplus lines insurance on a risk where Oregon is determined to be the home state, the nonresident surplus lines licensee shall comply with the placement requirements in ORS 735.410 (Conditions for procuring insurance through nonadmitted insurer)(1) and (2) related to an exempt commercial purchaser
Source

Last accessed
Jun. 8, 2021