Insurance Producers

ORS 744.868
License suspension and revocation or other penalty

  • rules


(1)

The Director of the Department of Consumer and Business Services may suspend or revoke a limited license the director issued under ORS 744.862 (Limited license to sell insurance), or may impose another penalty the director prescribes by rule, if:

(a)

A licensee sells or offers to sell insurance other than insurance described in ORS 744.864 (Permissible sales);

(b)

An owner sells or offers to sell insurance to an occupant without obtaining a limited license in accordance with ORS 744.862 (Limited license to sell insurance); or

(c)

An owner or licensee violates another provision of ORS 744.860 (Definitions for ORS 744.860 to 744.870) to 744.870 (Compensation, bonuses and incentives).

(2)

The director may suspend or revoke a limited license under this section with respect to all or a portion of the licensee’s self-service storage facilities. [2013 c.280 §6]

Source

Last accessed
Jun. 26, 2021