Insurance Producers (Agents), Resident License in Oregon

Oregon licenses insurance professionals as Insurance Producers through the Oregon Division of Financial Regulation under the Department of Consumer and Business Services. Oregon's insurance market is influenced by its diverse geography spanning Pacific Coast, Willamette Valley, Cascade Mountains, and high desert regions. The state has seen increasing wildfire risk, particularly in southern Oregon and the eastern slopes of the Cascades, which has driven significant changes in property insurance availability and pricing. Oregon requires pre-licensing education of approximately 40 hours per major line of authority. Oregon has specific regulations around earthquake insurance — the state sits on the Cascadia Subduction Zone, and earthquake coverage is a growing concern. Portland is the primary insurance industry center. Oregon requires criminal background checks. The state does not have a general sales tax, which affects insurance premium taxation structures. Continuing education is 24 hours biennially, including 3 hours of ethics. Oregon participates in NIPR for non-resident licensing and has active surplus lines and excess markets.