§ 744.631 — Change of circumstance of nonresident insurance consultant

Oregon § 744.631

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

Text

(1) A nonresident insurance consultant may not engage in business as an insurance consultant in this state if the insurance consultant no longer holds a valid license as an insurance consultant in the state or province in which the insurance consultant resides. If the insurance consultant’s license in the state in which the insurance consultant resides is reinstated and has not expired, the insurance consultant may apply to the Director of the Department of Consumer and Business Services for reinstatement as a licensee.
(2) A nonresident insurance consultant who establishes residence in this state may not engage in business as an insurance consultant in this state under a nonresident license after the 30th day after the insurance consultant establishes the residence. An insurance consultant who is a resident may thereafter engage in business as an insurance consultant in this state only after becoming a resident licensee.
(3) A nonresident insurance consultant who changes residence to another state or to a province shall notify the director not later than 30 days after the change.

Legislative History

1989 c.701 §61; 1995 c.639 §7; 2019 c.151 §35