Oregon Code § 744.061·Enacted ·Last updated March 01, 2026
Statute Text
Banking institution as insurance producer.
(1) The Insurance Code does not limit or prohibit the
licensing of a banking institution, as defined in ORS 706.008, as an insurance
producer to transact one or more of the classes of insurance described in ORS
744.062, except for title insurance.
(2) The Insurance
Code does not limit or prohibit the licensing, as an insurance producer to
transact one or more of the classes of insurance described in ORS 744.062, of
any of the following:
(a) A corporation
owned in whole or in part by a banking institution under ORS 708A.120, 716.588
or 716.594.
(b) A corporation
owned in whole or in part by a financial holding company or a bank holding
company, as defined in ORS 706.008. [1989 c.701 §24; 1997 c.631 §548; 2001
c.191 §24; 2001 c.377 §51; 2003 c.364 §7; 2005 c.194 §5]
Plain English Explanation
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Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 744.061
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
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