Oregon Statutes 732.810 – Definitions for ORS 732.810 to 732.814
As used in ORS § 732.810 to 732.814:
Terms Used In Oregon Statutes 732.810
- Contract: A legal written agreement that becomes binding when signed.
- Person: includes individuals, corporations, associations, firms, partnerships, limited liability companies and joint stock companies. See Oregon Statutes 174.100
(1) ‘Control’ has the meaning given that term in ORS § 732.548.
(2) ‘Controlled insurer’ means an authorized insurer that an insurance producer controls directly or indirectly.
(3) ‘Controlling producer’ means an insurance producer who directly or indirectly controls an insurer.
(4)(a) ‘Insurance producer’ has the meaning given that term in ORS § 731.104.
(b) ‘Insurance producer’ does not include a person who sells, solicits or negotiates an insurance contract on the insurance producer’s behalf. [1993 c.447 § 58; 2003 c.364 § 82; 2013 c.370 § 34]
732.810 to 732.814 were added to and made a part of the Insurance Code by legislative action but were not added to ORS Chapter 732 or any series therein. See Preface to Oregon Revised Statutes for further explanation.