ORS 735.480¹
Suspension or revocation of license
  • refusal to renew
  • grounds

The Director of the Department of Consumer and Business Services may suspend, revoke or refuse to renew the license of a surplus lines licensee after notice and hearing as provided under the applicable provision of this state’s laws upon any one or more of the following grounds:

(1) Removal of the surplus lines licensee’s office from this state, if the licensee is a resident insurance producer;

(2) Removal of the surplus lines licensee’s office accounts and records from the principal place of business of the licensee under ORS 744.068 (Required notifications) during the period during which such accounts and records are required to be maintained under ORS 735.460 (Records of licensee);

(3) Closing of the surplus lines licensee’s office for a period of more than 30 business days, unless permission is granted by the director;

(4) Failure to make and file required reports;

(5) Failure to transmit required tax on surplus lines premiums;

(6) Violation of any provision of ORS 735.400 (Purposes of ORS 735.400 to 735.495) to 735.495 (Short title); or

(7) For any cause for which an insurance license could be denied, revoked, suspended or renewal refused under ORS 744.074 (Authority of director to place licensee on probation or to suspend, revoke or refuse to issue or renew license). [1987 c.774 §133; 1989 c.288 §4; 2001 c.191 §49; 2003 c.364 §45]

1 Legislative Counsel Committee, CHAPTER 735—Alternative Insurance, https://­www.­oregonlegislature.­gov/­bills_laws/­Archive/­2007ors735.­pdf (2007) (last ac­cessed Feb. 12, 2009).
2 OregonLaws.org contains the con­tents of Volume 21 of the ORS, inserted along­side the per­tin­ent statutes. See the preface to the ORS An­no­ta­tions for more information.
3 OregonLaws.org assembles these lists by analyzing references between Sections. Each listed item refers back to the current Section in its own text. The result reveals relationships in the code that may not have otherwise been apparent. Currency Information