Oregon Administrative Rules
Chapter 836 - DEPARTMENT OF CONSUMER AND BUSINESS SERVICES, INSURANCE REGULATION
Division 74 - INSURANCE DIVISION TRUST ACCOUNTS
Section 836-074-0050 - Single Account for Affiliated Persons
Universal Citation: OR Admin Rules 836-074-0050
Current through Register Vol. 63, No. 9, September 1, 2024
(1) An insurance producer that is a firm or corporation may use one premium fund trust account for the funds received by an affiliated person operating under its license.
(2) An affiliated person of an insurance producer that is a firm or corporation may deposit the premium fund that the affiliated person received in the capacity of an affiliated person directly to the deposit account of the firm or corporation with which the person is affiliated.
Stat. Auth.: ORS 731
Stats. Implemented: ORS 744.083
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