Oregon 3 hour Statutory Changes

Pursuant to Oregon Administrative Rules (OAR) 836-071-0215, each resident insurance producer is responsible for enrolling in state-approved courses that serve the insurance producer's professional needs. For each two-year renewal period occurring after the issuance of an insurance producer license, any insurance producer who wishes to retain that license must complete 12 hours of continuing education (CE) annually or 24 hours in each two-year renewal period. The CE must include the following: (a) At least three hours on Oregon statutes and administrative rules, including recent changes; (b) At least three hours of professional ethics for insurance producers; and (c) For a producer who negotiates, sells, or solicits flood insurance, at least two hours of CE on any combination of the following subjects: current state and federal laws relating to flood insurance, the National Flood Insurance Program, or private flood insurance. This class is designed to fulfill the first of these three requirements by providing a three-hour survey of recent developments in Oregon’s administrative rules and statutes that regulate all insurance activity in the state.