Oregon Statutes 744.555 – Temporary adjuster permit; rules
(1)(a) To facilitate the settlement of claims under insurance policies when there is widespread property loss in this state arising out of a catastrophe, the Director of the Department of Consumer and Business Services may issue a temporary permit to engage in business as an adjuster in this state to any person authorized in another state to adjust losses claimed under insurance policies in the catastrophe area for or against an authorized insurer. A temporary permit the director issues under this section is effective for 90 days or for such additional time as the director determines is necessary. A person may engage in business as an adjuster under the permit in lieu of the license and fee requirements otherwise applicable.
Terms Used In Oregon Statutes 744.555
- Person: includes individuals, corporations, associations, firms, partnerships, limited liability companies and joint stock companies. See Oregon Statutes 174.100
- Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
(b) The director may also issue a temporary permit to a person that is licensed or otherwise authorized to engage in business as an adjuster in the person’s home state or designated home state and that an authorized insurer or insured sends to this state to investigate or adjust a particular loss claimed under an insurance policy.
(2) A person may apply for a temporary permit by submitting an application to the director on a form, in a format and in the manner the director specifies by rule. The application, at a minimum, must list the applicant’s name and address and the state in which the applicant is licensed or otherwise authorized to engage in business as an adjuster. [Formerly 736.490; 1989 c.701 § 51; 2019 c.151 § 30]
[1957 c.247 § 4; repealed by 1967 c.359 § 704]
[1957 c.247 § 5; repealed by 1967 c.359 § 704]
[1967 c.359 § 565; repealed by 1969 c.336 § 21]
[1957 c.247 § 6; repealed by 1967 c.359 § 704]