Or. Admin. Code § 836-074-0050

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

Section 836-074-0050 - Single Account for Affiliated Persons

(1) An insurance producer that is a firm or corporation may use one premium fund trust account for the funds received by an affiliated person operating under its license.

(2) An affiliated person of an insurance producer that is a firm or corporation may deposit the premium fund that the affiliated person received in the capacity of an affiliated person directly to the deposit account of the firm or corporation with which the person is affiliated.

ID 9-1987, f. 12-22-87, cert. ef. 1-1-88; ID 8-2005, f. 5-18-05, cert. ef. 8-1-05

Stat. Auth.: ORS 731

Stats. Implemented: ORS 744.083