2019 Oregon Revised Statutes
Volume : 18 - Financial Institutions, Insurance
Chapter 744 - Insurance Producers; Life Settlement Providers, Brokers and Contracts; Adjusters; Consultants; Third Party Administrators; Reinsurance Intermediaries; Limited Licenses
Section 744.101 - Definitions.
As used in ORS 744.101 to 744.107:
(1) "Business entity" has the meaning given that term in ORS 731.116.
(2) "Limited travel insurance producer" means:
(a) A managing general agent licensed under ORS 744.300 to ORS 744.316; or
(b) An insurance producer licensed under ORS 744.052 to 744.089 to negotiate, sell or solicit travel insurance.
(3) "Negotiate" has the meaning given that term in ORS 731.104.
(4) "Offer and disseminate travel insurance" means:
(a) To provide general information regarding the travel insurance, including a description of coverage and price;
(b) To disseminate and process applications for travel insurance coverage; or
(c) To collect premiums on behalf of a limited travel insurance producer.
(5) "Sell" has the meaning given that term in ORS 731.104.
(6) "Solicit" has the meaning given that term in ORS 731.104.
(7)(a) "Travel insurance" means insurance coverage for personal risks incidental to planned travel, including:
(A) Interruption or cancellation of a trip or event;
(B) Loss of baggage or personal effects;
(C) Damages to accommodations or rental vehicles; or
(D) Sickness, accident, disability or death occurring during travel.
(b) "Travel insurance" does not include medical plans providing comprehensive medical protection for travelers with trips lasting six months or longer.
(8) "Travel retailer" means a business entity that makes travel arrangements for or provides other travel services to customers. [2015 c.675 §2]
