Oregon Property & Casualty Insurance License Exam — All Questions
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2 questions
Oregon Licensing & CE
Before a licensed Oregon producer may transact business for a specific insurer, what must occur?
- a.Nothing further once the license is issued
- b.The insurer must appoint the producer, with the appointment filed with the Division of Financial Regulation✓
- c.The producer must post a surety bond with the state treasurer
- d.The producer must move to the insurer's home state
A license lets a person act as a producer, but to represent a specific insurer that company must appoint the producer, with the appointment on file with the Oregon Division of Financial Regulation. A producer may hold appointments from several insurers at once.
Oregon Licensing & CE
Which statement best describes continuing education for an Oregon resident P&C producer?
- a.CE is never required
- b.CE is required only for the first renewal
- c.State-approved continuing education, including an ethics component, is required each renewal cycle✓
- d.CE can be met only by retaking the licensing exam
Following the NAIC model, Oregon requires resident producers to complete approved continuing education each renewal cycle, including ethics. The exact hour totals are set by the Oregon Division of Financial Regulation and should be verified before renewal.