How To Renew Your Insurance License In Oregon
Individuals with an insurance license in Oregon must renew it every two years. The date of expiration is the last day of the month of your birthday two years from the original issue date. You should receive a renewal notice in the mail 90 days before the date of expiration.
There is no requirement to take another exam from the state, though depending on the format of your continuing education, it is possible that you may take a short knowledge test at the end of the course to be sure that you understand important insurance concepts, laws, and regulations.
If this is the state you reside in, then renewing your license will also keep any non-resident license you have in good standing. You will still need to pay the license renewal fee for non-resident licenses held in other states.
Step 1. Oregon Insurance Continuing Education Requirements
The State of Oregon requires that resident individual licensees complete twenty-four (24) credit hours of continuing education every two year renewal period. Three (3) of those hours must be in the subject of ethics and three (3) hours in Oregon statutes and administration rules.
It is recommended to complete all continuing education credits thirty (30) days prior to the expiration date of the license. This will give the CE provider time to report the successful completion to the department of insurance. Your CE courses can be taken at any time within your license term.
If you have a producer license in more than one line of authority (ex. Property & Casualty and Life & Health), you do not need to complete double the hours.
You may take your continuing education courses either in person in a classroom setting or online as a self-paced course. The online courses usually require a reading of the subject at hand, then a test at the end.
Upon completion of these courses, the company whom you took the course should send the certificate of completion directly to the state. You should, however, print a copy of this certificate to keep in your records just in case there is a dispute later.
Step 2. Renew Your Insurance License In Oregon
After you have completed your continuing education, you may renew your Oregon insurance license online by using the National Insurance Producer Registry tool.
All renewals must now be submitted electronically.
There is a fee of $45 per application to renew your license. Once this process is complete, your license will be renewed and your new expiration date will be two years from your previous expiration date.
Oregon Insurance License Lookup
You can view your current accrued CE credits using the National Association of Insurance Systems site. You can also lookup your insurance license number through this site.
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Oregon Department of Insurance Contact Information
Oregon Division of Financial Regulation
350 Winter Street Northeast Room 410
Salem, Oregon 97309
Phone: (503) 947-7981
Email: [email protected]
Information on this page has been gathered by a multitude of sources and was most recently updated in July 2020.
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