Oregon Insurance License

View Guide Contents
An insurance agent inspecting the damages to a car

Licensing requirements for Oregon insurance professionals and companies.

This page provides an overview of insurance licensing in Oregon for individuals and companies. You will find state requirements, application fees, filing instructions, and more. For assistance with licensing, please contact us to learn about our software and managed license services.

Companies that provide insurance producer services in Oregon must apply for a license prior to doing business. Depending on the lines of authority offered by the entity and the types of services offered, multiple firm licenses may be required.

Before applying, firms should ensure that the licensed individual to be appointed agent in charge has the necessary licenses. Firms should also gather proof of incorporation, or foreign qualification for out-of-state firms, in anticipation of application requirements.

Filter LicensesClear Filters
Company Licenses
(2)
(1)
(2)
Individual Licenses
(1)

Company Licenses

Oregon Financial Services and Insurance Company Licenses

Oregon Collection Agency Branch Registration

Agency:Oregon Division of Financial Regulation

Initial Registration

Filing method:

Online through NMLS

Agency fee:

$0

Registration Renewal

Filing method:

Online through NMLS

Agency fee:

$0

Due:

Annually by December 31.

Amendment

Filing method:

Online through NMLS

Agency fee:

$0

Notes:

Changes to a branch office address or branch office manager can be reported online.

Oregon Collection Agency Registration

Agency:Oregon Division of Financial Regulation
Bond Requirements:

$15,000 for out-of-state agencies with no physical location in Oregon and $10,000 for all other agencies.

Initial Registration

Filing method:

Online through NMLS

Agency fee:

$350 application fee + $15 credit report fee per control person.

Registration Renewal

Filing method:

Online through NMLS

Agency fee:

$120

Due:

Annually by December 31.

Amendment

Filing method:

Online through NMLS

Agency fee:

$0

Notes:

Changes to an agency's name, address, or trade name can be reported online.

Oregon External Review Summary

Type of Review:

Medical Utilization Review

Agency:Oregon Division of Financial Regulation
Notes:

There is no external review license in Oregon, but external review organizations must submit an annual summary to the division each year.

Initial Registration

Agency:Oregon Division of Financial Regulation
Form:

External Review Annual Summary

Agency fee:

$0

Registration Renewal

Agency:Oregon Division of Financial Regulation
Form:

External Review Annual Summary

Agency fee:

$0

Due:

Annually by March 31.

Oregon Insurance Agency License

Agency:Oregon Division of Financial Regulation

Initial Registration

This section applies to insurance firms that are applying for a license in Oregon for the first time.

Agency:Oregon Division of Financial Regulation
Form:

http://www.oregon.gov/DCBS/Insurance/agents/licensing/Pages/new-application.aspx

Agency fee:

Varies by insurance type. Baseline of $45

Registration Renewal

This section applies to insurance firms that are already licensed in Oregon and need to renew their license.

Agency:Oregon Division of Financial Regulation
Form:

http://www.oregon.gov/DCBS/Insurance/agents/licensing/Pages/new-application.aspx

Agency fee:

Varies by insurance type. Baseline of $45

Due:

Biennially

Oregon Utilization Review Summary

Type of Review:

Medical Utilization Review

Agency:Oregon Division of Financial Regulation
Notes:

There is no utilization review license in Oregon, but review organizations must submit an annual summary to the division each year.

Initial Registration

Agency:Oregon Division of Financial Regulation
Form:

Utilization Review Annual Summary

Agency fee:

$0

Registration Renewal

Agency:Oregon Division of Financial Regulation
Form:

Utilization Review Annual Summary

Agency fee:

$0

Due:

Annually by June 30.

Individual Licenses

Oregon Individual Financial Services and Insurance Licenses

Oregon Insurance Agent License

Agency:Oregon Division of Financial Regulation

Initial Registration

This section applies to insurance agents that are applying for a license in Oregon for the first time.

Agency fee:

From $45 to $75 depending on license type

Adjuster - A person or firm that is paid to adjust, investigate, and negotiate claim settlements. There are 3 categories of adjusters: company, independent, and public. Company adjusters work for insurance companies and investigate claims on behalf of the company. Independent adjusters investigate claims on a contractual basis for insurance companies. Public adjusters investigate claims on behalf of claimants, usually to determine the amount of money that can be claimed.

Agent in Charge - A licensed individual responsible for the supervision of all individuals within an insurance agency. The agent in charge must be licensed in the same lines as the agency.

Insurance Agent - Insurance agents act as intermediaries between the insurance company and policyholders. Agents can be either captive or independent. Captive agents represent a single insurance company, while independent agents represent multiple insurers.

Insurance Broker - Individuals who sell insurance policies while representing the interests of the buyer. Brokers are typically independent intermediaries without an insurance company affiliation.

Insurance Producer - May be used to refer to either individual insurance agents and brokers or insurance agencies and brokerages.

Managing General Agent - An agent or broker that is involved in underwriting and has other areas of authority normally handled by insurers. MGAs are typically involved in unusual lines of coverage or in geographically prohibitive areas.

Surplus Lines Insurer - An insurance carrier that takes on risks that a licensed carrier is unwilling to insure. Surplus lines insurers do not have access to state guaranty funds and are less tightly regulated by state governing bodies.

Third Party Administrator - An organization that manages group insurance policies and works with the employer and insurance carrier to process claims, handle loss control, and provide risk management and consulting services.

Title Agent - Title agents sell insurance that protects real estate owners against loss of ownership of a property due to a legal claim.

Viatical Settlement Provider - A company that purchases life insurance policies at a discount from individuals seeking immediately available funds.

Independent Insurance Agents and Brokers of America (Big “I”)
Advocacy group of independent insurance brokers and agents.

National Association of Insurance and Financial Advisors (NAIFA)
Professional association that advocates for favorable regulatory conditions for insurance agents and financial advisors.

National Association of Insurance Companies (NAIC)
A standard setting and regulatory support organization that is governed by state insurance regulators.

National Association of Professional Insurance Agents (PIA)
Professional association that provides education and advocacy for insurance agents throughout the United States.

National Insurance Producer Registry (NIPR)
An affiliate of the NAIC that provides streamlined and uniform producer licensing processes.

© 2012 - 2019 Harbor Compliance. All rights reserved. Harbor Compliance does not provide tax, financial, or legal advice. Use of our services does not create an attorney-client relationship. Harbor Compliance is not acting as your attorney and does not review information you provide to us for legal accuracy or sufficiency. Access to our website is subject to our Terms of Use and Service Agreement.