Oregon Department of Consumer and Business Services, Insurance Regulation

Rule Rule 836-071-0565
Limited License Renewal


(1)

A limited license expires on the last day of the month in which the second anniversary of the initial issuance date occurs. Thereafter, the limited license shall expire on the second anniversary following each renewal.

(2)

A limited licensee applying for renewal must submit the following to the Director electronically as set forth on the Insurance Division website of the Department of Consumer and Business Services at www.insurance.oregon.gov:

(a)

A completed renewal application on the form entitled “Renewal Notice for Portable Electronics Insurance Vendors.” The renewal application must be returned to the director electronically in accordance with instructions set forth on the Insurance Division website of the Department of Consumer and Business Services at www.insurance.oregon.gov not later than the limited license expiration date.

(b)

An updated certification by the supervising entity or the limited licensee that all employees, agents and authorized representatives to be involved in the issuance, sale or offering for sale of portable electronics insurance coverage to customers have completed or will complete the training program under ORS 646A.585 (Exceptions to license requirement)(1)(b), prior to issuing, selling or offering for sale portable electronics insurance coverage.

(c)

An updated certification by the supervising entity or the limited licensee that a copy of all written disclosure materials, as required under ORS 646A.582 (Written disclosure requirements), that are currently being made available to prospective customers of portable electronics or have been made available to prospective customers in the past, shall be maintained by the supervising entity or the applicant. This information shall be maintained by the supervising entity or the applicant for a period of seven years and must be provided to the Director, upon request, within 21 calendar days.

(d)

A renewal fee of $200.

(3)

The Director may allow a limited licensee not more than 30 days after the limited license expiration date to submit missing information on the renewal application form if the renewal application, fees, certification and disclosure materials have been submitted on or before the expiration date.

(4)

The Director may request on the renewal application any information requested on the original application for a limited license.

(5)

An expired limited license may be renewed up to one year after the limited license expiration date. The fee to renew an expired limited license is $250.
Source

Last accessed
Jun. 8, 2021