§ 744.525 — Resident adjuster qualifications; rules

Oregon § 744.525

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

Text

(1) An individual who applies for a license to engage in business as a resident adjuster must:
(a) Establish a residence or place of business in which the applicant intends to transact insurance in this state before submitting an application;
(b) Pass an examination that the Director of the Department of Consumer and Business Services by rule recognizes as adequately testing the applicant’s qualifications, competence and knowledge of the categories of insurance business and classes of insurance that the applicant intends to transact under a license and the applicant’s knowledge of an adjuster’s duties and responsibilities under the Insurance Code and other laws of this state;
(c) Be trustworthy and reliable and have a good reputation, evidence of which the director will evaluate; and
(d) Be 18 years of age or older at the time the applicant becomes a licensee.
(2) A business entity that applies for a license to engage in business as a resident adjuster must:
(a) Establish an office in this state that employs a licensee; and
(b) Employ or act under the direction of owners or officers who are trustworthy and reliable and have good reputations, evidence of which the director will evaluate.
(3) In addition to the requirements set forth in subsection (1) or (2) of this section, as appropriate, an applicant must satisfy any other requirement the director specifies by rule.
(4) The director may agree or contract with another jurisdiction, regulatory body, private vendor or other person to administer any required examinations and to collect fingerprints, documentation and any fees that an applicant or licensee submits under ORS 744.518 or 744.521 and that the director by rule specifies that the jurisdiction, regulatory body, vendor or person may collect.

Legislative History

1967 c.359 §561; 1971 c.231 §34; 1973 c.827 §81; 1983 c.76 §12; 1989 c.701 §45; 2019 c.151 §26