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The Oregon Insurance Division has amended rules to reduce fees for license examinations and reexaminations for insurance producers, adjusters and insurance consultants, and to change the biennial renewal date for individual adjuster and insurance consultant licenses from the anniversary of the license issuance date to the anniversary of the month of the licensee’s birth date.

With the new rule, the fee for application for a certificate of authority to transact insurance as an insurer is $2,500. The fee for application as a domestic insurer must be paid when application for a permit to organize as a domestic insurer is made.

Examination fees for an insurance producer, property and casualty insurance or life and health insurance is $65; insurance producer, property insurance only, casualty insurance only, personal lines insurance only, life insurance only or health insurance only is $55; and surplus lines licensee is $55. Previously those fees were $70.

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Topics Oregon