ORS § 731.104

Current through 2024 Regular Session legislation

Section 731.104 - "Insurance producer."

"Insurance producer" means a person required to be licensed under the laws of this state to sell, solicit or negotiate insurance. For purposes of this definition:

(1) "Negotiate" means to confer directly with or to offer advice directly to a purchaser or prospective purchaser of a particular policy of insurance concerning any of the substantive benefits, terms or conditions of the policy, if the person engaged in that act:

(a) Sells insurance; or

(b) Obtains insurance from insurers for purchasers.

(2) "Sell" means to exchange a policy of insurance by any means, for money or its equivalent, on behalf of an insurer.

(3) "Solicit" means to attempt to sell a policy of insurance or to ask or urge a person to apply for a particular kind of insurance from a particular insurer.

ORS 731.104

Formerly 731.062