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Current as of January 01, 2023 | Updated by Findlaw Staff
“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.
Cite this article: FindLaw.com - Oregon Revised Statutes Insurance § 731.104 - last updated January 01, 2023 | https://codes.findlaw.com/or/title-56-insurance/or-rev-st-sect-731-104/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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