Oregon Statutes 731.104 – Insurance producer
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:
Terms Used In Oregon Statutes 731.104
- Person: includes individuals, corporations, associations, firms, partnerships, limited liability companies and joint stock companies. See Oregon Statutes 174.100
(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. [Formerly 731.062]