Oregon

No, Registry

No

$0

Registry State - Cancelled; cancelled for cause

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

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

90 days before expiration

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

Late renewal allowed up to one year after expiration

90 days before expiration

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

Late renewal allowed up to one year after expiration

No

No

Residence, Business, and Mailing

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

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

Yes

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.

Original certificate must be presented at the exam site

Course completion certificate is valid for 1 year

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.

Yes, for Resident Licensing

Required with Application - Taken at exam site

NIPR Gateway

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

None

No

Yes

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.

Yes

Yes

No

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

Yes

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

License not required but branch must be registered

Yes

Yes

No

AK, AL, AR, AZ, CT, DE, FL, GA, ID, IN, KY, LA, ME, MI, MN, MS, MT, NC, NH, NM, NV, OK, SC, TX, UT, VT, WA, WV

CA, HI, NY, PR, WY

General Lines, Health, Crop

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

Yes

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.

24

2 years

Last day of birth month

Year of first license issuance

Prior to license expiration.

90 days prior to expiration date

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.

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.

Yes

3 hours ethics, 3 hours Oregon statutes and administrative rules

3 hours of NFIP course

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

One-time, 4-hour course

https://agentsync.io/blog/individual-producers/insurance-continuing-education-oregon