Firm or corporation license
(1) The Director of the Department of Consumer and Business Services may issue or amend a firm or corporation license under ORS 744.002 (License categories) only if the firm or corporation, for each category of insurance business that the firm or corporation applies for on its license, employs an individual whose license under ORS 744.002 (License categories) authorizes the individual to engage in that category of insurance business.
(2) When a firm or corporation applies for a license or applies to amend the license, the director may issue or amend the license only if the firm or corporation, for each class of insurance that the firm applies to transact, employs an individual whose license under ORS 744.002 (License categories) authorizes the individual to transact that class of insurance. [1989 c.701 §4]
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