Or. Admin. Code § 836-071-0180

Current through Register Vol. 63, No. 10, October 1, 2024

Section 836-071-0180 - Insurance Producer Pre-Examination Requirements

(1) An applicant for a license as an insurance producer may take an examination for the license only if the applicant first qualifies for the examination by:

(a) Satisfying pre-licensing education requirements of section (2) of this rule; or

(b) Satisfying the experience requirements of section (6) of this rule.

(2) An applicant may qualify for the examination by taking pre-licensing education meeting the requirements of section (3) of this rule according to any of the following methods:

(a) Attendance at classroom lectures supervised and conducted by an instructor;

(b) Attendance at the showing or playing of a previously videotaped or audiotaped lecture, if student check-in and check-out are supervised and a course instructor is present or available to answer student questions; or

(c) Completion of a verifiable online self-study program.

(3) Pre-licensing education shall consist of not less than:

(a) 20 hours in basic principles of property insurance, the duties and responsibilities of an insurance producer and Oregon-related laws, for authority to transact property insurance;

(b) 20 hours in basic principles of casualty insurance, the duties and responsibilities of an insurance producer and Oregon-related laws, for authority to transact casualty insurance;

(c) 20 hours in basic principles of personal lines insurance, the duties and responsibilities of an insurance producer and Oregon-related laws, for authority to transact personal lines insurance;

(d) 20 hours in basic principles of life insurance, the duties and responsibilities of an insurance producer and Oregon-related laws, for authority to transact life insurance; and

(e) 20 hours in basic principles of health insurance, the duties and responsibilities of an insurance producer and Oregon-related laws, for authority to transact health insurance.

(4) For the purposes of sections (2) and (3) of this rule:

(a) One hour of training shall consist of not less than 50 minutes of instruction;

(b) Surety is included in the casualty insurance line and marine and transportation insurance may be included in the property insurance line or the casualty insurance line;

(c) The personal lines line is a subcategory of the casualty insurance line. Consequently, a person who obtains training for a license to transact casualty insurance need not obtain separate or additional training to transact personal lines insurance.

(5) Except as authorized in section (2) of this rule for an online self-study program, an applicant may not satisfy the training requirements established in this rule by unsupervised training or by self-study.

(6) An applicant may satisfy experience requirements for the examination by either of the methods described in this section. As provided in section (7) of this rule, an applicant may substitute successful completion of coursework to obtain an industry recognized designation for all or part of the experience requirements. An applicant may also satisfy the experience requirements for the examination by obtaining an insurance degree from an accredited college or university. The methods for satisfying experience requirements are as follows:

(a) Obtaining and showing proof of three years of verifiable experience as an unlicensed person performing the duties and activities described in OAR 836-071-0280(1) or (2) in the class or classes of insurance for which application is made, but only if any part of the experience has occurred within two years of the date of application for the insurance producer license in this state; and

(b) Obtaining and showing proof of three years of licensure as a resident insurance producer, agent or insurance broker in another state, a province of Canada or Mexico:

(A) If the applicant has been so licensed within two years of the date of application for the insurance producer license in this state; and

(B) If the applicant is not otherwise exempt from taking the examination under ORS 744.067.

(7) An applicant may substitute successful completion of coursework required for obtaining an industry-recognized designation described in this section for all or a part of the number of years of experience required under section (6) of this rule in the class or classes of insurance for which application was made. The following are the designations, the amount of experience for which the coursework may be substituted and the class or classes of insurance to which the coursework may apply:

(a) Accredited Advisor in Insurance (AAI) designation of the American Institute for CPCU (Chartered Property and Casualty Underwriter) and Insurance Institute of America: Three years' experience property and casualty;

(b) Accredited Customer Service Representative (ACSR) designation of the Independent Insurance Agents & Brokers of America: Two years' experience property and casualty;

(c) Associate in Risk Management (ARM) designation of the American Institute for CPCU (Chartered Property and Casualty Underwriter) and Insurance Institute of America: Three years' experience property and casualty;

(d) Certified Insurance Counselor (CIC) designation of the Society of Certified Insurance Counselors: Three years' experience property and casualty;

(e) Certified Professional Service Representative (CPSR) designation of the Professional Insurance Agents Association: Two years' experience property and casualty;

(f) Health Insurance Associate (HIA) designation of America's Health Insurance Plans: Three years' experience health;

(g) Registered Employee Benefits Consultant (REBC) designation of the American College: Three years' experience health;

(h) Registered Health Underwriter (RHU) designation of the National Association of Health Underwriters/American College: Three years' experience health;

(i) Any registered program that fulfills the educational requirement leading to the CFP/Certified Financial Planner certification awarded by the Certified Financial Planner Board of Standards, Inc.: Three years' experience life lines;

(j) Certified Employee Benefit Specialist (CEBS) designation of the International Society of Certified Employee Benefit Specialists: Three years' experience life and health lines;

(k) Life Underwriters Training Council (LUTCF) designation of the Life Underwriters Training Council/American College: Three years' experience life and health lines;

(l) Chartered Financial Consultant (ChFC) designation of the American College: Three years' experience life line;

(m) Fellow Life Manager Institute (FLMI) designation of LOMA (Life Office Management Association): Three years' experience life line;

(n) Certified Professional Insurance Women (CPIW) designation of the National Association of Insurance Women: Two years' experience property and casualty lines; and

(o) An industry designation determined by the Director, by virtue of the coursework, to provide experience at least comparable to experience obtained by coursework for an industry designation specifically referred to in this section.

(8) Pretraining experience claimed under section (6) of this rule is verifiable only if:

(a) The applicant's employer submits to the Division a completed Division Qualification Form that includes a description of all the pretraining experience claimed by the applicant; and

(b) The Division is able to contact the employer to verify the information contained in the Qualification Form.

(9) Proof of completion of a training course for an industry designation under section (7) of this rule must be evidenced by a certificate of completion or notice of a passing examination score by the organization sponsoring the training.

(10) The amendments to this rule that were filed in ID 15-2002 with the Secretary of State on June 26, 2002 to become effective on July 1, 2002 are re-adopted with the operative date of July 1, 2002.

Or. Admin. Code § 836-071-0180

ID 3-1990, f. & cert. ef. 1-19-90; ID 6-1994, f. & cert. ef. 5-20-94; ID 9-2002, f. & cert. ef. 3-18-02; ID 15-2002, f. 6-26-02, cert. ef. 7-1-02; ID 4-2003(Temp), f. 6-30-03, cert. ef. 7-1-03 thru 12-19-03; ID 8-2003, f. 12-12-03, cert. ef. 12-19-03; ID 8-2005, f. 5-18-05, cert. ef. 8-1-05; ID 2-2006, f. & cert. ef. 1-31-06; ID 4-2007, f. 3-6-07, cert. ef. 1-1-08

Stat. Auth.: ORS 731.244

Stats. Implemented: ORS 744.058, 744.064 & 744.067