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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 744.870 - Compensation, bonuses and incentives.
Universal Citation: OR Rev Stat § 744.870 (2019)
ORS 744.860 to 744.870 do not prohibit:
(1) An insurer from paying, or a licensee from receiving, a commission, fee or other compensation for selling the insurer’s insurance; or
(2) A licensee or owner from paying an employee or agent of the licensee or owner a bonus, incentive payment or other compensation if the bonus, incentive payment or compensation does not depend on the employee’s or agent’s selling insurance. [2013 c.280 §7]
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