Rules affected: OAR 836-071-0215
OAR 836-071-0210 to 836-071-0250 were adopted to implement continuing education requirements in the Insurance Code (ORS 744.072) and to promote trustworthy and competent insurance services for the public by requiring a sufficient number of hours for insurance training.
Insurance producers are currently required to complete 24 hours of continuing education every 2 years. Three of the credit hours must be on the topic of Oregon statutes and administrative rules, and three of the credit hours must be on the topic of professional ethics for insurance producers.
Due to the frequency of statutory, regulatory, and other changes, the National Flood Insurance Program and the private flood insurance market are continually evolving. In order to provide accurate and up-to-date information to consumers, insurance producers need to stay current on changes to flood insurance products and requirements.
The proposed rule would designate two of the credit hours, for producers that sell flood insurance, to be on the topic of current state and federal laws relating to flood insurance, the National Flood Insurance Program, or private flood insurance. It would not increase the total number of continuing education credit hours for any insurance producer.
Filed: May 24, 2018
Public hearing: June 25, 2018 2 p.m.
Last day for public comment: July 2, 2018, 5 p.m.