ORS 744.862
Limited license to sell insurance
- exemption
- application
- disclosures required
- conditions on license
(1)
Intentionally left blank —Ed.(a)
An owner may not sell insurance to an occupant without applying for and receiving a limited license under this section.(b)
An owner does not require a license under this section if the owner displays or makes available materials related to an insurer’s insurance coverage but does not sell the insurance or otherwise benefit from the insurer’s insurance sales.(2)
An owner may apply to the Director of the Department of Consumer and Business Services for a limited license to sell insurance under the provisions of ORS 744.860 (Definitions for ORS 744.860 to 744.870) to 744.870 (Compensation, bonuses and incentives). The owner shall apply for the limited license on a form with contents the director specifies by rule.(3)
Intentionally left blank —Ed.(a)
An owner shall disclose in the application described in subsection (1) of this section the physical addresses for each of the self-service storage facilities at which the owner will sell insurance under the limited license and shall certify that the owner is an owner with respect to each of the self-service storage facilities.(b)
A licensee may sell insurance at a self-service storage facility other than the self-service storage facilities the licensee disclosed in an application under this section if the licensee notifies the director 30 days before the licensee begins to sell insurance at the other self-service storage facility.(c)
A licensee shall notify the director within 30 days after the licensee no longer sells insurance at a self-service storage facility.(d)
The director may issue and permit the owner to retain a limited license to sell insurance on the condition that the owner sells insurance only at the self-service storage facilities the owner discloses in the application for the limited license or at a self-service storage facility with respect to which the owner gives the director a notice under paragraph (b) of this subsection.(4)
Intentionally left blank —Ed.(a)
The director may issue a limited license to sell insurance to an owner if the director is satisfied that the owner has provided the information and made the disclosures the director requires under subsection (2) of this section.(b)
A limited license that the director issues under this subsection authorizes a licensee to sell insurance at all of the self-service storage facilities the licensee disclosed in an application under subsection (2) of this section. A licensee does not need a separate limited license for each self-service storage facility. [2013 c.280 §3]
Source:
Section 744.862 — Limited license to sell insurance; exemption; application; disclosures required; conditions on license, https://www.oregonlegislature.gov/bills_laws/ors/ors744.html.
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