Or. Admin. Code § 836-074-0035 - Other Permissible Funds
(1)
An insurance producer may not deposit in a premium fund trust account any funds
other than premium funds, except as follows:
(a) Funds reasonably sufficient to pay bank
charges;
(b) Funds that the
insurance producer determines to be prudent for advancing premiums or
establishing reserves for the paying of return premiums;
(c) Funds for contingencies that may arise in
the course of receiving and transmitting premiums.
(2) An insurance producer may deposit in a
premium fund trust account any premium funds produced in another state.
However, premium funds produced in another state must be deposited and paid in
the same manner as premium funds under OAR
836-074-0025.
Notes
Stat. Auth.: ORS 731
Stats. Implemented: ORS 744.083
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