Key Takeaways
- The Oregon Division of Financial Regulation (DFR) regulates insurance under the Department of Consumer and Business Services (DCBS)
- The Insurance Commissioner is APPOINTED by the DCBS Director with Governor approval
- Oregon insurance law is found in Oregon Revised Statutes (ORS) Chapters 731-752
- DFR handles both insurer regulation and producer licensing
- The department provides online services through NIPR and PSI
Oregon Regulatory Agencies
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Oregon has a unique regulatory structure where insurance oversight falls under a larger consumer protection agency.
Division of Financial Regulation (DFR)
The Oregon Division of Financial Regulation (DFR) operates under the Department of Consumer and Business Services (DCBS) and is responsible for:
- Regulating insurance companies doing business in Oregon
- Licensing and monitoring insurance producers
- Reviewing and approving insurance rates and forms
- Handling consumer complaints and inquiries
- Enforcing Oregon insurance laws
- Overseeing continuing education requirements
DFR Leadership
The Insurance Commissioner is:
- Appointed by the DCBS Director with Governor approval
- NOT elected by voters
- Responsible for administering Oregon insurance statutes
- Head of the Division of Financial Regulation
Exam Tip: Remember that Oregon's Insurance Commissioner is APPOINTED by the DCBS Director with Governor approval, not directly by the Governor alone.
Oregon Insurance Code
Oregon insurance law is contained in Oregon Revised Statutes (ORS), primarily in Chapters 731-752:
| Chapter | Subject |
|---|---|
| ORS 731 | Insurance Code; Administration |
| ORS 733 | Insurance Companies; General Provisions |
| ORS 742 | Insurance Policies Generally |
| ORS 743 | Life Insurance; Disability Insurance |
| ORS 744 | Insurance Producers and Consultants |
| ORS 746 | Trade Practices and Frauds |
Chapter 744 - Producer Licensing
ORS Chapter 744 contains important provisions for licensing, including:
- Producer license requirements
- Appointment procedures
- Continuing education requirements
- Prohibited practices
- Disciplinary procedures
Contact Information
DFR Main Office
| Contact Type | Information |
|---|---|
| Address | 350 Winter Street NE, Room 410, Salem, OR 97301 |
| Main Phone | (503) 378-4140 |
| Producer Licensing | (503) 947-7981 |
| web.insagent@oregon.gov | |
| Website | dfr.oregon.gov |
Online Services
- NIPR: www.nipr.com - License applications and renewals
- PSI: www.psiexams.com - Schedule licensing exams
- DFR Online Services: dfr.oregon.gov - General information
Exam Scheduling
| Contact Type | Information |
|---|---|
| PSI Phone | (800) 733-9267 |
| Website | www.psiexams.com |
| Online/Remote Testing | Available through PSI |
How is the Oregon Insurance Commissioner selected?
Which department houses the Division of Financial Regulation in Oregon?
In which Oregon Revised Statutes chapter is producer licensing found?