Oregon: premium trust account rules
What Oregon requires of insurance producers holding premium funds, and what happens when those funds are diverted.
Citation
§§ 744.074; 744.083
Source chart last reviewed this jurisdiction: 2/25
What the jurisdiction requires
All premiums received by an agent shall be accounted for and maintained in a trust account.
Penalties for diversion
The director may place on probation or suspend, revoke or refuse to issue or renew an insurance producer’s license if a licensee improperly withheld, misappropriated or converted money received during the course of doing insurance business.
This reference is not legal advice. Citations and summaries are transcribed from the NAIC's Fiduciary Responsibilities—Premiums chart (Spring 2025) and reflect that chart's own review dates, which vary by jurisdiction. Statutes change, and the chart may lag the current code. Confirm the current text of any provision with the jurisdiction's insurance department or your own counsel before relying on it.
Tie out a Oregon trust account
Tie your premium trust account out three ways — bank, ledger and what you owe — with Oregon's cited rule beside the worksheet. Runs in your browser; nothing is uploaded.
Trust account reconciliation worksheetKeep your trust account provably in balance
Policy Balance Hub tracks premium held in trust against what you owe each carrier, so the reconciliation an examiner asks for already exists.