Oregon Statutes 744.994 – Effect of license expiration or surrender on directors investigation or disciplinary proceedings
Current as of: 2023 | Check for updates
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(1) As used in this section:
Terms Used In Oregon Statutes 744.994
- Person: includes individuals, corporations, associations, firms, partnerships, limited liability companies and joint stock companies. See Oregon Statutes 174.100
(a) ‘Adjuster’ has the meaning given that term in ORS § 744.502;
(b) ‘Insurance consultant’ has the meaning given that term in ORS § 744.602; and
(c) ‘Licensee’ means a person that has obtained a license to engage in business as an adjuster, an insurance consultant or an insurance producer.
(2) A license expiration or a licensee’s voluntary surrender of a license does not prevent the Director of the Department of Consumer and Business Services from investigating or initiating disciplinary proceedings against a licensee. The director may also at any time revise or vacate an order to suspend or revoke a license. [2019 c.151 § 18]