OAR 836-080-0183
Insurance Producer Training


(1)

An insurance producer shall not solicit the sale of an annuity product unless the insurance producer has adequate knowledge of the product to recommend the annuity and the insurance producer is in compliance with the insurer’s standards for product training. An insurance producer may rely on insurer-provided product-specific training standards and materials to comply with this section.
(2)(a)(A) An insurance producer who engages in the sale of annuity products shall complete a one-time four credit training course provided by a continuing education provider registered with the department.

(B)

Individuals who obtain a life insurance line of authority on or after the effective date of OAR 836-080-0170 (Statutory Authority; Purpose) to 836-080-0190 (Annuity Sales; Disclosure Not a Defense) may not engage in the sale of annuities until the insurance producer completes the annuity training course required under this section.

(b)

The minimum length of the training required under this section shall be sufficient to qualify for at least four continuing education credits, but may be longer.

(c)

The training required under this subsection shall include information on the following topics:

(A)

The types of annuities and various classifications of annuities;

(B)

Identification of the parties to an annuity;

(C)

How fixed, variable and indexed annuity contract provisions affect consumers;

(D)

The application of income taxation of qualified and non-qualified annuities;

(E)

The primary uses of annuities; and

(F)

Appropriate sales practices, replacement and disclosure requirements.

(d)

Providers of courses intended to comply with this subsection shall cover all topics listed in the prescribed outline and may not present any marketing information or provide training on sales techniques or provide specific information about a particular insurer’s products. Additional topics may be offered in conjunction with and in addition to the required outline.

(e)

A provider of an annuity training course intended to comply with this section shall register as a continuing education provider in this state and comply with the rules and guidelines applicable to insurance producer continuing education courses as set forth in ORS 744.072 (Renewal or reinstatement of insurance producer license) and OAR 836-071-0180 (Insurance Producer Pre-Examination Requirements) to 836-071-0250 (Credit for Unregistered Courses).

(f)

Annuity training courses may be conducted and completed by classroom or self-study methods in accordance with ORS 744.072 (Renewal or reinstatement of insurance producer license) and OAR 836-071-0180 (Insurance Producer Pre-Examination Requirements) to 836-071-0250 (Credit for Unregistered Courses).

(g)

Providers of annuity training shall comply with the reporting requirements and shall issue certificates of completion in accordance with OAR 836-071-0180 (Insurance Producer Pre-Examination Requirements) to 836-071-0250 (Credit for Unregistered Courses).

(h)

The satisfaction of the training requirements of another state that are substantially similar to the provisions of this subsection shall be deemed to satisfy the training requirements of this section in this state.

(i)

An insurer shall verify that an insurance producer has completed the annuity training course required under this section before allowing the insurance producer to sell an annuity product for that insurer. An insurer may satisfy its responsibility under this section by obtaining certificates of completion of the training course or obtaining reports provided from a reasonably reliable commercial database vendor that has a reporting arrangement with approved insurance continuing education providers.

Source: Rule 836-080-0183 — Insurance Producer Training, https://secure.­sos.­state.­or.­us/oard/view.­action?ruleNumber=836-080-0183.

836‑080‑0001
Statutory Authority
836‑080‑0005
Definitions
836‑080‑0014
Duties of Agent
836‑080‑0022
Duties of Insurers that Use Agents Insurance Producers
836‑080‑0029
Duties of Replacing Insurers that Use Agents
836‑080‑0034
Duties of the Existing Insurer
836‑080‑0039
Duties of Insurers with Respect to Direct Response Solicitations
836‑080‑0043
Violations and Penalties
836‑080‑0050
Authority
836‑080‑0055
Unfair Discrimination Identified
836‑080‑0080
Definition, Claims Handling Services
836‑080‑0085
Annual Report
836‑080‑0090
Suitability in the Sale of Life Insurance
836‑080‑0105
Statutory Authority
836‑080‑0110
Applicability
836‑080‑0115
Definitions
836‑080‑0120
Statement as to Participation Required Upon Request Before Delivery of Policy
836‑080‑0125
Prohibited Representations Regarding Participation Rights
836‑080‑0130
Dividend Statement Permitted
836‑080‑0135
Dividend Rights Accrue Upon Declaration of Dividends
836‑080‑0140
Unfair Discrimination in Allocation of Dividends Prohibited
836‑080‑0145
Unfair Forfeiture of Dividend for Failure to Renew Prohibited
836‑080‑0150
Policyholder Dividend Rights of Group Members and Dividend Group Policyholders
836‑080‑0155
False or Deceptive Publications by Insurer Prohibited
836‑080‑0160
Use of Special Certifications and Professional Designations by Insurance Producers
836‑080‑0165
Notice of Insurance Division Assistance
836‑080‑0170
Statutory Authority
836‑080‑0172
Applicability
836‑080‑0175
Exemptions
836‑080‑0178
Definitions
836‑080‑0180
Duties of Insurers and of Insurance Producers
836‑080‑0183
Insurance Producer Training
836‑080‑0185
Compliance Mitigation
836‑080‑0188
Recordkeeping
836‑080‑0190
Annuity Sales
836‑080‑0193
Effective Date and Operative Date
836‑080‑0200
Electronic Payment of Claims
836‑080‑0205
Statutory Authority, Purpose, and Applicability
836‑080‑0210
Definitions
836‑080‑0215
Claim Files
836‑080‑0220
Misrepresentation and Other Prohibited Claim Practices
836‑080‑0225
Required Claim Communication Practices
836‑080‑0230
Standard for Prompt Claim Investigation
836‑080‑0235
Standards for Prompt and Fair Settlements — Generally
836‑080‑0240
Standards for Prompt and Fair Total Loss Settlements — Automobile Insurance
836‑080‑0250
Workers’ Compensation Insurance Unfair Claim Settlement Practices Standards
836‑080‑0305
Statutory Authority
836‑080‑0310
Definitions
836‑080‑0315
Providing Things of Value to Intermediaries Generally Prohibited
836‑080‑0320
Miscellaneous Things of Value
836‑080‑0325
Business Development Activities
836‑080‑0335
Gifts
836‑080‑0337
Real Property Information
836‑080‑0340
Assistance in Qualifying a Subdivision
836‑080‑0345
Automatic Change in Monetary Limits
836‑080‑0355
Title Insurer Responsible for Violations by Agent
836‑080‑0360
Use by Title Company of an Intermediary’s Office
836‑080‑0365
Filing Escrow Rates Required
836‑080‑0370
Instruction of Title Company Employees About Rules Required
836‑080‑0425
Applicability
836‑080‑0430
Disclosure of Use of Credit History or Insurance Scores
836‑080‑0435
Policies Governing Credit Histories and Insurance Scores
836‑080‑0436
Absence of or Inability to Determine Credit History
836‑080‑0438
Definition of Adverse Underwriting Decision
836‑080‑0440
Unfair Insurance Trade Practice
836‑080‑0501
Authority
836‑080‑0506
Definitions and Examples
836‑080‑0511
Application of Notice Requirements
836‑080‑0516
Initial Notice to Consumers
836‑080‑0519
Information to be Included in Initial Privacy Notice
836‑080‑0523
Annual Notice
836‑080‑0526
Information to be Included in Annual Notice
836‑080‑0531
Revised Privacy Notices
836‑080‑0536
Delivery
836‑080‑0541
Opt in Notice
836‑080‑0546
Limits on Sharing Account Number Information for Marketing Purposes
836‑080‑0551
Authorization Request Delivery
836‑080‑0600
Authority
836‑080‑0610
Definitions and Examples
836‑080‑0615
Personal Information Notice
836‑080‑0620
Notice of Personal Financial Information Practices
836‑080‑0625
Alternative Procedures
836‑080‑0630
Application of Notice Requirements
836‑080‑0635
Initial Notice to Consumers
836‑080‑0640
Information to Be Included in Initial Privacy Notice
836‑080‑0645
Annual Notice
836‑080‑0650
Information to Be Included in Annual Notice
836‑080‑0655
Revised Privacy Notices
836‑080‑0660
Delivery
836‑080‑0665
Authorization
836‑080‑0670
Authorization Exemptions
836‑080‑0675
Disclosure Without Authorization
836‑080‑0680
Opt in Notice
836‑080‑0685
Limits on Sharing Account Number Information for Marketing Purposes
836‑080‑0690
Authorization Request Delivery
836‑080‑0695
Access to Recorded Personal Information
836‑080‑0700
Correction, Amendment or Deletion of Recorded Personal Information
836‑080‑0750
Purpose
836‑080‑0755
Application of OAR 836-080-0750 to 836-080-0775
836‑080‑0760
Definitions for OAR 836-080-0750 to 836-080-0775
836‑080‑0765
Practices Declared False, Misleading, Deceptive or Unfair on a Military Installation
836‑080‑0770
Practices Declared False, Misleading, Deceptive or Unfair, Regardless of Location
836‑080‑0775
Severability
836‑080‑0800
Definitions
836‑080‑0805
Statutory Authority, Purpose, and Applicability
836‑080‑0810
Provision of Commercial Loss Runs
Last Updated

Jun. 8, 2021

Rule 836-080-0183’s source at or​.us