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.
AgentSync Actions
Our compliance experts are constantly searching for and analyzing industry updates.
Their findings are then recorded in the Regulatory Updates section of the Compliance
Library to explain how the update impacts the insurance industry. If a change
impacts an
AgentSync product, this will be highlighted to inform you that the product is being
updated to ensure you remain in compliance.