71st OREGON LEGISLATIVE ASSEMBLY--2001 Regular Session
 
NOTE:  Matter within  { +  braces and plus signs + } in an
amended section is new. Matter within  { -  braces and minus
signs - } is existing law to be omitted. New sections are within
 { +  braces and plus signs + } .
 
LC 3477
 
                         House Bill 3126
 
Sponsored by Representative WITT
 
 
                             SUMMARY
 
The following summary is not prepared by the sponsors of the
measure and is not a part of the body thereof subject to
consideration by the Legislative Assembly. It is an editor's
brief statement of the essential features of the measure as
introduced.
 
  Allows insurer or agent to charge commission or service fee
when transacting certain types of insurance.
 
                        A BILL FOR AN ACT
Relating to insurance.
Be It Enacted by the People of the State of Oregon:
  SECTION 1. Section 2 of this 2001 Act is added to and made a
part of ORS chapter 744.
  SECTION 2.  { + (1) An insurer or agent may charge a
commission, a service fee or a combination of the two when
transacting insurance in other than the following categories of
insurance:
  (a) Insurance that covers an individual's person, property or
liability;
  (b) Life or health insurance for groups of fewer than 51 lives;
or
  (c) Insurance on a commercial or public entity paying combined
annual premiums of less than $100,000 for the insurance.
  (2) An insurer or agent may charge a commission or service fee
other than one filed in accordance with ORS 737.205 only if the
insurer or agent has a written agreement with the prospective
insured prior to the binding or issuance of an insurance policy.
The Director of the Department of Consumer and Business Services
may establish by rule minimum conditions for written agreements
entered into under this subsection. An insurer or agent who
enters into a written agreement as provided in this subsection is
not in violation of ORS 746.035. + }
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