Oregon Administrative Rules
Chapter 836 - DEPARTMENT OF CONSUMER AND BUSINESS SERVICES, INSURANCE REGULATION
Division 74 - INSURANCE DIVISION TRUST ACCOUNTS
Section 836-074-0030 - Advancing Return Premiums

Universal Citation: OR Admin Rules 836-074-0030
Current through Register Vol. 63, No. 9, September 1, 2024

An insurance producer may advance return premiums from funds of the insurance producer other than from a trust account of the insurance producer, in anticipation of receiving a credit for the return premium from the insurer. When the insurance producer credits the return premium to the trust account, the insurance producer may transfer the advanced credit out of the trust account.

Stat. Auth.: ORS 731

Stats. Implemented: ORS 744.083

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