OAR 836-074-0030: Advancing Return Premiums
Edition: Current OARD snapshotEffective: 2005-08-01Last verified: 2026-09-07
An insurance producer may advance return premiums from funds of the insurance producer other than from a trust account of the insurance producer, in anticipation of receiving a credit for the return premium from the insurer. When the insurance producer credits the return premium to the trust account, the insurance producer may transfer the advanced credit out of the trust account.
Official history and status
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
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Official source: https://secure.sos.state.or.us/oard/