Oregon Administrative Rules › Chapter 836 - DEPARTMENT OF CONSUMER AND BUSINESS SERVICES, INSURANCE REGULATION › Division 71 - INSURANCE LICENSING › Section 836-071-0355 - Limited License Application, Rental Companies; Required Information

Current through Register Vol. 63, No. 7, July 1, 2024
(1) On and after
			 October 1, 2000, a rental company must hold a limited license in order to
			 transact insurance as authorized by ORS
			 744.854. An applicant for a
			 limited license as a rental company as authorized by 744.854 shall apply for a
			 limited license to the director of the Department of Consumer and Business
			 Services electronically on a form established by the director in accordance
			 with directions set forth on the Division of Financial Regulation website of
			 the Department of Consumer and Business Services at dfr.oregon.gov. The
			 applicant shall include the following information in the application:
(a) The applicant's corporate, firm or other
			 business entity name, the business address and telephone number of the
			 principal place of business and the business address and telephone number of
			 each additional location at which the applicant will transact business under
			 the license;
(b) All assumed
			 business names and other names under which the applicant will engage in
			 business under the license;
(c) The
			 names of all officers and directors or partners, or the sole proprietor or the
			 owners if the applicant is other than a corporation or a partnership, and the
			 name of the executive designated as the statewide filing officer as required by
			 ORS 744.856;
(d) Whether any of the following has occurred
			 with respect to an officer or director of the applicant, or a partner, or the
			 sole proprietor or any of the owners if the applicant is other than a
			 corporation or a partnership:
(A) Conviction
			 of or indictment for a crime, including a felony involving dishonesty or a
			 breach of trust to which  18 U.S.C. sec. 1033  applies;
(B) A judgment entered against the officer,
			 director, partner, sole proprietor or owner if the applicant is other than a
			 corporation or a partnership, for fraud;
(C) A claim of indebtedness by an insurer or
			 agent, and the details of any such indebtedness; or
(D) Refusal, revocation or suspension of any
			 license to act in any occupational or professional capacity in this or any
			 other state;
(e) All
			 states and provinces of Canada in which the applicant or an officer, director
			 or partner of the applicant, or a sole proprietor or owner if the applicant is
			 other than a corporation or a partnership, currently holds a license to engage
			 in the transaction of insurance, or has held such a license within ten years
			 prior to the date of the application;
(f) Whether any firm or corporation of which
			 an officer, director or partner of the applicant, or the sole proprietor or an
			 owner if the applicant is other than a corporation or a partnership, is or has
			 been an officer, director, partner, sole proprietor or owner has ever filed for
			 bankruptcy or been adjudged a bankrupt; and
(g) Any other information requested by the
			 director in the license application form.