The Oregon Insurance Division has proposed new insurance licensing rules to, among other things, charge agencies a fee for the cost of criminal records checks, as wells as to establishe new requirements for crop insurance claims adjusters.
The rules were filed with the Secretary of State and: (1) Explain that the agency will charge a fee for the actual cost of a criminal records check, among the fees that apply to the issuance of licenses for insurance producers, adjusters and consultants; (2) Provide consistent expiration time frames for producer, adjuster and consultant licenses; (3) Clarify that the exemption to the adjuster licensing examination in ORS 744.535(2) applies only to nonresident adjuster licensing; (4) Designate crop insurance as a distinct class of insurance for the purpose of licensing crop adjusters, and that effective 2/1/2011, to qualify as a crop adjuster, an applicant must pass — with an 80 percent minimum score — an examination given by the director; (5) Require crop adjusters wishing to renew their licenses to furnish evidence of current Federal Crop Insurance Corporation certification; (6) Update the name of the National Association of Securities Dealers (NASD), now the Financial Industry Regulatory Authority (FINRA).
Public comments must be received no later than Dec. 28, 2009. For information on commenting and to view the Notice of Proposed Rulemaking Hearing, Statement of Need and Fiscal Impact, and the proposed rules, visit http://www.insurance.oregon.gov/rules/prop_admin_rules.html.
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