§ 744.112 — Travel insurance administrators

Oregon § 744.112

• Jurisdiction: Oregon
• Vol.: 18
• Title 56: Insurance
• Ch.: 744

Text

(1) A person may not act as a travel insurance administrator, or represent that the person is a travel insurance administrator, unless the person holds a valid license the Director of the Department of Consumer and Business Services issued under ORS 744.062 or 744.710, as appropriate, for an insurance producer in the classes of property and casualty insurance or under an indorsement that authorizes the person to act as a managing general agent.
(2) A travel insurance administrator and employees of the travel insurance administrator are not subject to the requirement under ORS 744.505 to obtain a license to engage in business as an adjuster with respect to travel insurance policies that the travel insurance administrator administers.
(3) An insurer is responsible for the acts of a travel insurance administrator administering travel insurance that the insurer underwrites and for ensuring that the travel insurance administrator maintains all books and records relevant to the insurer that the travel insurance administrator must make available to the director at the director’s request.

Legislative History

2025 c.71 §4