DCBS & Licensing
Andrew Stolfi
Who is the Oregon Insurance Commissioner
90 days
How many days after binding to file taxes
$1000
What is the per offense penalty?
30 Days
How long does a carrier have to acknowledge an insurance claim?
Based on Insurance Policy Facts
How must an insurance carrier deny a claim?
20 Hours
How many hours of education are required for Pre-Licensing.
Oregonians can obtain insurance.
What is the purpose of Surplus Lines Insurance
General Fund of the State Treasury
Who are the fines paid to?
45 Days
How long does an insurance carrier have to complete their claim investigation?
Renege Obligations
What is a Bad Faith Claim?
1 time 3 Hours Required
How many hours of Flood Education is required for licensing.
Assist DCBS in Collecting Taxes
Who is the Oregon Surplus Lines Association of Oregon
The State Director
Who determines the penalty?
In writing
How must an insurance carrier deny a claim?
Increase numbers of complaints to DCBS
What happens when an insurance carrier settles without just cause?
Your birthday Month
When will my insurance license renew
DSS
What is a Diligent Search Statement?
Fraternal Benefit Society
Who is exempt from Insurance Code?
Advise every 45 days
How does an insurance carrier communicate with an ongoing claim?
Claims settled for less than reasonable
What is an unfair claims settlement?
Adjustors and Self Storage
What other businesses require an insurance license.
Rule to Govern Surplus Lines
What is ORS 735.400
Construction and Compliance of Insurance Code
What is ORS 731.016
Proof of Loss Statement
How must a claim be affirmed or denied?
Settling Claims Promptly and Equitably
What is Good Faith Claims Handling?