Or. Admin. Code § 836-071-0291

Current through Register Vol. 63, No. 11, November 1, 2024

Section 836-071-0291 - Certificate of Deposit in Lieu of Trust Account

For purposes of ORS 744.084, evidence of a certificate of deposit kept by an insurance producer is satisfactory:

(1) If the evidence is a written statement of verification issued by the institution issuing the certificate to the insurance producer; and

(2) If the statement shows the date of renewal, if any, and verifies that the certificate is valid as of the date of the request by the Director for verification of the certificate. Formerly: OAR 386-071-0275

Or. Admin. Code § 836-071-0291

ID 3-1990, f. & cert. ef. 1-19-90; Renumbered from 836-071-0275, ID 8-2005, f. 5-18-05, cert. ef. 8-1-05

Stat. Auth.: ORS 731.244, 744.084

Stats. Implemented: ORS 744.084