Insurance Producers

ORS 744.991
Criminal penalties

  • restitution


(1)

Violation of ORS 744.369 (Unlawful life settlement contract actions), in addition to any applicable prescribed denial, suspension or revocation of any license or civil forfeiture, shall be punishable upon conviction as for the crime of theft under ORS 164.015 (“Theft” described) to 164.135 (Unauthorized use of a vehicle) or the crime of forgery or related offenses under ORS 165.002 (Definitions for ORS 165.002 to 165.070) to 165.070 (Possessing fraudulent communications device).

(2)

A person convicted of a violation of ORS 744.369 (Unlawful life settlement contract actions) may be ordered to pay restitution to persons aggrieved by the violation of ORS 744.369 (Unlawful life settlement contract actions). Restitution may be ordered in addition to a fine or imprisonment, but not in lieu of a fine or imprisonment.

(3)

Except for an act under ORS 744.369 (Unlawful life settlement contract actions) (8) to (16), the penalties of this section shall not apply to an owner. [2009 c.711 §19]

Source

Last accessed
Jun. 26, 2021