Source: https://law.onecle.com/oregon/744-insurance-producers-life-settlement-providers/744.061.html
Timestamp: 2020-08-05 14:04:51
Document Index: 101212501

Matched Legal Cases: ['§24', '§548', '§24', '§51', '§7', '§5']

Oregon Statutes - Chapter 744 - Insurance Producers; Life Settlement Providers, Brokers and Contracts; Adjusters; Consultants; Third Party Administrators; Reinsurance Intermediaries; Rental Company Limited Licenses - Section 744.061 - Banking institution as insurance producer. - Legal Research
Oregon Statutes - Chapter 744 - Insurance Producers; Life Settlement Providers, Brokers and Contracts; Adjusters; Consultants; Third Party Administrators; Reinsurance Intermediaries; Rental Company Limited Licenses - Section 744.061 - Banking institution as insurance producer.
(1) The Insurance Code does not limit or prohibit the licensing of a banking institution, as defined in ORS 706.008, as an insurance producer to transact one or more of the classes of insurance described in ORS 744.062, except for title insurance.
(2) The Insurance Code does not limit or prohibit the licensing, as an insurance producer to transact one or more of the classes of insurance described in ORS 744.062, of any of the following:
(a) A corporation owned in whole or in part by a banking institution under ORS 708A.120, 716.588 or 716.594.
(b) A corporation owned in whole or in part by a financial holding company or a bank holding company, as defined in ORS 706.008. [1989 c.701 §24; 1997 c.631 §548; 2001 c.191 §24; 2001 c.377 §51; 2003 c.364 §7; 2005 c.194 §5]
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