OAR 836-074-0040: Interest on Trust Funds

Edition: Current OARD snapshotEffective: 2005-08-01Last verified: 2026-09-07

Unless an insurance producer and the insurer agree to the contrary, interest earned in a premium funds trust account may be retained by the insurance producer and: (1) Used to offset bank charges; or (2) Removed to the operating account of the insurance producer.

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/