Oregon Administrative Rules
Chapter 836 - DEPARTMENT OF CONSUMER AND BUSINESS SERVICES, INSURANCE REGULATION
Division 74 - INSURANCE DIVISION TRUST ACCOUNTS
Section 836-074-0040 - Interest on Trust Funds
Universal Citation: OR Admin Rules 836-074-0040
Current through Register Vol. 63, No. 9, September 1, 2024
Unless an insurance producer and the insurer agree to the contrary, interest earned in a premium funds trust account may be retained by the insurance producer and:
(1) Used to offset bank charges; or
(2) Removed to the operating account of the insurance producer.
Stat. Auth.: ORS 731
Stats. Implemented: ORS 744.083
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