Oregon Seal


state commissioner

Andrew Stolfi

STATE phone
(503) 947-7981

Oregon Division of Financial Regulation

Appointments & Terminations

Required to report appointments?

No, Registry

Can be processed via nipr?


Fees for appointing a nonresident agency or individual?


Termination reasons

Registry State - Cancelled; cancelled for cause


Initial individual new license fee

Resident New License Insurance Producer: $75 Non Resident New License Insurance Producer: $75

License renewal fee

Resident & Nonresident Insurance Producer Renewal Fee: $45 Late Renewal Fee: $90 Adjuster Renewal Fee: $45 Late Renewal Fee: $90 Consultant Renewal Fee: $45 Late Renewal Fee: $90 Life Settlement Broker Renewal Fee: $45 Life Settlement Investment Agent Renewal Fee: $45

When does the resident individual producer license renewal period begin?

90 days before expiration

What is the resident individual producer license renewal date?

Last day of birth month every 2 years based on year of first state license issue

Late renewal or reinstatement period for resident individual producer license?

Late renewal allowed up to one year after expiration

When does the nonresident individual producer license renewal period begin?

90 days before expiration

What is the nonresident individual producer license renewal date?

Last day of birth month every 2 years based on year of first state license issue

Late renewal or reinstatement period for nonresident individual producer license?

Late renewal allowed up to one year after expiration

Can a producer use a P.O. Box in their resident or business address?


Are individuals required to list their county as part of the address?


What addresses are required for individual license maintenance?

Residence, Business, and Mailing

State individual licenses include

Life Settlement Broker, Consultant, Insurance Producer, Life Settlement Investment Agent, Adjuster, Temporary Adjuster

State broker license rule

A license is required for a person who: A) offers to engage in any of the activities described in B) below by using, in combination with the person's name, the title or designation of insurance planner, consultant, adviser or counselor, or financial and insurance planner, consultant, adviser or counselor, or any similar title or designation; or B) for compensation other than sales commission, engages or offers to engage in: I. acting as an insurance consultant; II. giving advice, counsel, or opinion about the benefits, advantages, or disadvantages of insurance issued in Oregon; or III. providing information about insurance in any other Consultants may be licensed in the following classes of insurance: a. life; b. health; c. property and casualty (may also act as a consultant for marine and transportation and surety insurance under this class); or d. any other class of insurance the Director specifies by rule. Insurers are not required to appoint Brokers per NAIC PLMA

Requires pre licensing courses?


Study method requirements

The guidelines set out below should be followed for completing pre-examination requirements. a. The applicant must: I. attend live lectures conducted by an instructor; II. view or listen to taped lectures (audio or video) where attendance is monitored by an instructor; or III. complete a verifiable online self-study program. b. One hour of training must consist of at least 50 minutes of instruction.

Submission of completion certificate rule

Original certificate must be presented at the exam site

How long is the pre licensing certification valid?

Course completion certificate is valid for 1 year

Exemptions to pre licensing requirements

An applicant may also satisfy the producer pre-examination requirements by demonstrating experience in the insurance industry. a. The applicant may show proof of 3 years of experience as an unlicensed person performing administrative, clerical or technical duties for a producer. I. The duties must have been in the same class of insurance for which the applicant is applying. II. Some part of the experience must have occurred within the 2 years immediately preceding the application date. III. For the experience to be verifiable: (1) the applicant's employer must file a Division Qualification Form that describes all the experience claimed by the applicant; and (2) the Division must be able contact the employer to verify the information. b. The applicant may show proof of being licensed for at least 3 years as a producer or broker in another state or Canadian province or Mexico, if: I. the applicant was licensed within 2 years of the application date; and II. the applicant is not otherwise exempt from taking the license examination. An applicant who has obtained a professional designation may substitute coursework for all or part of the required years of experience. The applicant must file a certificate of completion or notice of a passing exam score. The substitution is allowed as follows: I. AAI designation for CPCU and Insurance Institute of America = 3 years of property and casualty experience; II. ACSR designation = 2 years of property and casualty experience; III. ARM designation for CPCU and Insurance Institute of America = 3 years of property and casualty experience; IV. CIC designation = 3 years of property and casualty experience; V. CPSR designation = 2 years of property and casualty experience; VI. CPIW designation of the National Association of Insurance Women = 2 years of property and casualty experience; VII. HIA designation of America's Health Insurance Plans Association = 3 years of health experience; VIII. REBC designation of the American College = 3 years of health experience; IX. RHU designation of the National Association of Health Underwriters/American College = 3 years of health experience; X. any registered program that fulfills the CFP requirement = 3 years of life experience; XI. CEBS designation of the International Society of Certified Employee Benefit Specialists = 3 years of life and health experience; XII. LUTCF designation of the Life Underwriters Training Council/American College = 3 years of life and health experience; XIII. ChFC designation of the American College = 3 years of life experience; XIV. FLMI designation of LOMA = 3 years of life experience; or XV. any designation added to this list by the Director. An applicant may satisfy the experience requirement by obtaining an insurance degree from an accredited college or university. Any experience requirements must be verified and the applicant must submit: a. a completed Division Qualification Form that includes a description of the work experience; b. contact information of the employer; and c. a certificate of completion or score report as proof of completing a training course for a recognized designation. An applicant is exempt from pre-examination requirements if the individual: a. is applying for a producer license in Oregon and was previously licensed for the same lines of authority in another state if: I. the applicant is currently licensed in the other state; or II. the application is received within 90 days of the cancellation of the previous license and the prior state issues a good standing certification; b. is licensed in another state and moves to Oregon and applies within 90 days of establishing legal residence; c. holds a CPCU or CLU designation; d. is transacting title insurance; or e. is transacting a limited line of insurance.

Fingerprints Required?

Yes, for Resident Licensing

Fingerprint Submission Details

Required with Application - Taken at exam site

Where to apply for resident license?

NIPR Gateway

Other licensing notes

The Oregon Division of Financial Regulation is required to perform a fitness determination on all applicants applying for a resident license. Under State Review.

What Transactions are Retaliatory Fees Applied to?


Submit Partial License Renewals through NIPR?


Has Personal Lines LOA?


Deadline to report personal data changes (address, name change, phone number, etc.)

A licensee must notify the Director within 30 days of any change in: a. the address or telephone number of his principal place of business or residence; b. the location at which he transacts business under the license (including opening and closing of locations); and c. an assumed business name under which he transacts business under the license. Contact Change Request supported via NIPR gateway.


Can a sole proprietor be licensed as an entity?


DRLP must have active state license


DRLPs must cumulatively cover all LOAs in application


Agency Licensing renewals

90 days prior to expiration until expiration date. Late renewal ends one year after expiration date.

Agency License required?


Affiliations: Indicates if producers selling on behalf of/through an entity must be formally affiliated with that entity and if the entity must notify the department of changes

All producers selling on behalf of or through a business entity are affiliated.

Branch office

License not required but branch must be registered


Requires adjuster license?


Offers designated home state?


DHS exam required?


Reciprocity states


Which states require an exam for reciprocity?


Independent adjuster LOAS

General Lines, Health, Crop

Independent adjuster fees

Licensing Fee: $75 Amendment Fee: $75 Renewal Fee: $45 Late Renewal Fee: $90

Independent adjuster exam required?


Emergency adjuster details

In the case of an emergency, a temporary property adjuster license can be issued for a term of 90 days to adjust claims related to the incident. To receive this license, one must be licensed adjuster in their home state or designated home state.

Continuing Education

Total hours per renewal period


Renewal period

2 years

License renewal date is

Last day of birth month

License renewal year based on...

Year of first license issuance

When is the CE due?

Prior to license expiration.

How long before expiration does state send CE reminder?

90 days prior to expiration date

Exemptions to CE

Certain work experience or professional designations, and lines that don't require examination may be exempt from CE. Consultants and limited lines agents are exempt from CE.

What if a producer missed the renewal date?

One may apply within 12 months from the due date for renewal without having to take and pass a written examination, but must pay reinstatement fee that is equal to double the unpaid renewal fee and must complete any continuing education requirements not satisfied to date, including the period for which the license was lapsed.

CE instructors get credit for teaching courses?


Ethics requirements

3 hours ethics, 3 hours Oregon statutes and administrative rules

Flood-specific CE requirements

3 hours of NFIP course

LTC-specific CE requirements

8-hour initial certification, with 4 hours of LTC-specific training every two years

Annuity-specific CE requirements

One-time, 4-hour course

Regulatory Updates

Oregon Division of Financial Regulation Minor Update to Continuing Education Resident and Non Resident Individual Licenses

On January 5, 2024, Oregon updated the continuing education section to clarify that insurers must verify producers complete training courses to **recommend** **or** sell annuity products.

Oregon Bulletin Regarding Causes for License Revocation and Surrender

Effective September 29, 2023, Oregon has issued a bulletin indicating causes for License revocation and surrender for Residents and Non Residents. Failure to timely provide the Division with complete, accurate, and truthful information in all filings may result in license refusal, suspension, or revocation or civil penalties.  Common notice and filing issues/deficiencies include, but are not limited to:      a.   failure to provide a direct phone number that allows           staff to contact the individual;      b.   using a generic or shared email address instead of the           individual's direct email address;      c.   failure to notify the Division within 30 days of changes           in producer and applicant address or contact information;      d.   failure to notify the Division within 30 days if an           individual receives a notification of a Regulatory           Information Retrieval System (RIRS) violation or notice           of a criminal case;      e.   failure to provide a prompt and truthful response to an           inquiry from the Director of the Department of Consumer           and Business Services in the time and manner specified;      f.   incomplete, misleading, or materially untrue application           information; or      g.   applicants submitting more than 1 application with           different responses, especially responses that           misrepresent misdemeanor/felony convictions declared on a           prior filing.

Oregon Issues Bulletin Regarding Producer Contact Information, Communications, and Application Guidance

On September 29, 2023, Oregon issued a bulletin to clarify the Division of Financial Regulation (DFR) expectations for insurance producers and producer license applicants. See attachment for full details.

Oregon Passed New Regulation Dealing with Securities Fraud

House Bill 2274 gives State of Oregon new tools to fight securities fraud  Aug. 10, 2023 Salem – The Oregon Division of Financial Regulation (DFR) continues to fight for consumers and investors with the passage of House Bill 2274, which bolsters the division’s enforcement tools in dealing with securities fraud. Oregon securities law currently employs three core mechanisms to shield investors from potential harm: 1. Mandatory registration: A security must be registered with the Department of Consumer and Business Services (DCBS), which includes DFR, before the offer or sale in Oregon, subject to specified conditions. 2. Licensing requirements: Individuals engaged in selling securities or providing investment advice must be licensed by the state as a broker-dealer, salesperson, investment advisor, or investment advisor representative, unless exemptions or exclusions apply. 3. Prohibition of misleading statements: The law prohibits making false or misleading statements in connection with the sale or purchase of securities in Oregon.  HB 2274, which the Oregon Legislature passed in the 2023 session and Gov. Tina Kotek recently signed into law, has two key provisions to enable DFR to better protect consumers and investors:   Restitution: The bill grants the division authority to order restitution to investors harmed by violations of the securities law. This enhancement enables DFR to better protect investors by ensuring that wrongdoers compensate those adversely affected.   Enhanced civil penalties: The bill authorizes civil penalties for securities law violations, with a maximum penalty of $60,000 for each violation. The higher penalties apply when the victim is considered a vulnerable person, including elderly individuals and those with financial incapability, incapacitation, or specific disabilities. Given the increasing vulnerability of the elderly population to securities fraud, this bill aims to deter violations and provide stronger protection for Oregon's most susceptible investors.  HB 2274 also includes provisions to enhance DFR’s oversight and enforcement authority over the securities industry, including requiring prompt and truthful responses from subjects under investigation for securities violations. “House Bill 2274 will lead to more effective enforcement of the Oregon securities laws and contribute to a safer investment environment for consumers and investors across the state,” said DFR Administrator TK Keen. “This bill is a big win in giving us the tools needed to protect vulnerable people and take on fraud.”

Oregon Revised and Added Annuity Training Requirements

Update on 11/21/23: Oregon Revises Sales of Annuities - Insurance Producer - Training to include Best Interest Standards. As of Jan 1, 2024, Oregon SB 536 (2023) Sales of Annuities - Insurance producer training will be updated to include Best Interest Standards training. Producers that completed the 4-hour, annuity suitability training prior to January 1, 2024, will have until June 30, 2024, to complete the new 1 -hour, Best Interest course. After June 30, 2024, producers planning to sell annuities will have to complete the updated 4-hour training course. The current approved courses that do not include the Best Interest Standards will be made inactive.  ODOI is currently accepting applications for the 1 hour and 4 hour Best Interest Standards training.  Original Notice from ODOI Sent on 6/21/2023: Effective January 1, 2024, Oregon revised and added annuity training requirements for Residents and Non Residents. 2023 OR S.B. 536(NS)

Oregon Issues Bulletin Regarding Professional Liability Insurance Producers

Oregon has issued a bulletin for professional liability insurance producers. In order to meet errors and omissions insurance coverage requirements, policies cannot omit investment advice or other services from the advisor.

Oregon Implements Renewals for Pharmaceutical Sales Reps

Effective as of 9/9/2022 Oregon began to offer renewals for Pharmaceutical Sales Representative. This is for Resident and No Home State Renewals.

Oregon Requirements for Errors and Omissions Insurance Coverage

Oregon advises that Errors and Omissions coverage policies must include and investment advice or other services performed by the investment advisor.

Oregon Now Offering Renewals for Pharmaceutical Sales Reps

Effective Sept. 9, 2022, Oregon will begin offering renewals for Pharmaceutical Sales representatives with application types of Resident License Renewals (RLR) and No Home State Renewals (NHSR). The PDB codes are 12352 (RLR) and 472 (NHSR). The fee is $750 per license. Note that there is no reinstatement offered. After expiration, the applicant must reapply.

Oregon Clarifies Their Non-Resident Adjuster CE Requirements

This announcement aims to clarify the previous announcement that all Adjusters renewing their license in January 2022 need to obtain 24 hours of CE. It is made clear that OR is allowing for complete reciprocity with the adjuster's home or designated home state. This approval will happen automatically so there is no need to file for course approval.