- (1) An insurance producer that is a firm or corporation may use one premium fund trust account for the funds received by an affiliated person operating under its license.
- (2) An affiliated person of an insurance producer that is a firm or corporation may deposit the premium fund that the affiliated person received in the capacity of an affiliated person directly to the deposit account of the firm or corporation with which the person is affiliated.
Statutory/Other Authority
ORS 731
Statutes/Other Implemented
ORS 744.083
History
ID 8-2005, f. 5-18-05, cert. ef. 8-1-05
ID 9-1987, f. 12-22-87, cert. ef. 1-1-88