Insurance Producers

ORS 744.858
Revocation or suspension of limited license

  • other penalties
  • application of Insurance Code
  • rules


(1)

If a rental company issued a limited license under ORS 744.852 (Limited license for rental companies) offers or sells insurance not authorized by ORS 744.854 (Kinds of insurance authorized by limited license), or violates any provision of ORS 744.856 (Conditions for offer or sale of insurance), the Director of the Department of Consumer and Business Services may, after notice and hearing, revoke or suspend the limited license or may impose such other penalties as the director prescribes, including but not limited to suspension of transaction of insurance at specific rental locations where violations of ORS 744.854 (Kinds of insurance authorized by limited license) or 744.856 (Conditions for offer or sale of insurance) have occurred.

(2)

All provisions of the Insurance Code apply to rental companies issued limited licenses under ORS 744.852 (Limited license for rental companies) unless specifically rendered inapplicable by statute or by rule adopted by the director.

(3)

The director may adopt any rules necessary for the implementation of ORS 744.850 (Definitions for ORS 744.850 to 744.858) to 744.858 (Revocation or suspension of limited license), including rules establishing license fees to defray the cost to the Department of Consumer and Business Services of administering the limited licensure program. [1999 c.485 §6]
Note: See note under 744.850 (Definitions for ORS 744.850 to 744.858).
SELF-SERVICE STORAGE FACILITIES

Source

Last accessed
Jun. 26, 2021