Oregon Surplus Lines study plan
Oregon Surplus Lines · Give each week a clear focus.
8 weeks · About 8 hours per week
Oregon insurance law and regulatory framework (Insurance Code, Director of the Department of Consumer and Business Services, rulemaking and market conduct) & Surplus lines placement: diligent search and declinations, eligibility of the risk, standards for eligible nonadmitted insurers, placement through a licensed surplus lines producer
Map Oregon's surplus lines regulatory structure, including the Director of the Department of Consumer and Business Services, Division of Financial Regulation, rulemaking, and market conduct oversight.
Distinguish admitted from nonadmitted insurance and identify the conditions under which a risk may be placed in the surplus lines market.
Define diligent search, declination, eligible nonadmitted insurer, and export list in your own words, noting Oregon-specific requirements from official statutes, rules, and DCBS guidance.
Build a placement timeline from risk inquiry through policy delivery and mark each regulatory checkpoint.
Your checkpoint
One-page Oregon surplus lines regulatory map, a 20-term glossary with official citations, and a five-checkpoint placement timeline scored against the source materials.
Surplus lines placement: diligent search and declinations, eligibility of the risk, standards for eligible nonadmitted insurers, placement through a licensed surplus lines producer
Analyze what constitutes a documented diligent search and what evidence a surplus lines producer must retain for each declination.
Evaluate declinations from admitted insurers to determine whether the search is sufficient for the risk presented.
Apply eligibility standards for nonadmitted insurers, including authorized status, financial standing, and any Oregon-specific prohibitions.
Sequence placement through a licensed surplus lines producer and identify traps that would make the placement unauthorized.
Your checkpoint
Twelve-scenario placement decision log with correct or incorrect placement, supporting rule, and rationale; target at least 10 of 12 correct.
Surplus lines placement: diligent search and declinations, eligibility of the risk, standards for eligible nonadmitted insurers, placement through a licensed surplus lines producer & Premium tax collection and remittance, stamping office and filing requirements for surplus lines transactions, policy and transaction recordkeeping
Audit a sample surplus lines placement file for the diligent search, declinations, insurer eligibility evidence, producer licensing evidence, and policy documents.
Calculate premium tax on several given premium bases using the current Oregon rate confirmed from official sources.
Map the premium tax collection and remittance timeline, including who collects, who remits, and what filing or stamping-office obligations apply.
Design a transaction recordkeeping checklist covering policies, endorsements, declinations, tax records, and retention periods.
Your checkpoint
Completed sample transaction file checklist plus eight premium tax and remittance calculations with official citations; all calculations and checklist items completed.
Premium tax collection and remittance, stamping office and filing requirements for surplus lines transactions, policy and transaction recordkeeping & Unauthorized insurance, prohibited acts, enforcement, penalties, and producer ethical responsibilities
Differentiate recordkeeping duties for policies, endorsements, declinations, tax filings, and consumer complaints.
Identify prohibited acts, including placing coverage with an unauthorized insurer, misrepresenting nonadmitted status, commingling funds, and falsifying search records.
Outline Oregon's enforcement process and penalty exposure for producers and insurers.
Apply an ethical decision framework to conflicts between sales pressure and surplus lines compliance duties.
Your checkpoint
Thirty-question mixed quiz on Domains 5 and 7 with a score of at least 80 percent, plus a one-page enforcement and penalties chart with citations.
Producer licensing, appointment, and the surplus lines line of authority (qualifications, bond and filing obligations, continuing education, renewal, termination) & Unauthorized insurance, prohibited acts, enforcement, penalties, and producer ethical responsibilities
Chart the producer licensing lifecycle: qualifications, appointment, bond and filing obligations, continuing education, renewal, and termination.
Explain the surplus lines line of authority and the limits on what a licensed producer may place.
Analyze termination notification, appointment recordkeeping, and the consequences of operating without proper authority.
Resolve six ethics and enforcement scenarios involving licensing lapses, unauthorized placements, and recordkeeping failures.
Your checkpoint
Licensing lifecycle flowchart with official citations and six written scenario answers; at least five of six answers match the correct rule and outcome.
Export list and exempt commercial coverages: placement without individual declinations, conditions and limits on export & Disclosures to the insured: required notices that the insurer is not admitted, lack of guaranty fund protection, unregulated rates and forms, and consumer protection standards
Explain export list and exempt commercial coverage placement, including when individual declinations are not required and the conditions and limits on export.
Determine when an individual declination is still required even if a coverage appears on an export or exempt list.
Draft the required disclosures that the insurer is not admitted, that guaranty fund protection is absent, and that rates and forms are unregulated.
Apply consumer protection standards to disclosure timing, content, and documented delivery to the insured.
Your checkpoint
Export eligibility flowchart and disclosure script or checklist reviewed against official guidance, plus a 20-item quiz with a score of at least 85 percent.
Surplus lines placement: diligent search and declinations, eligibility of the risk, standards for eligible nonadmitted insurers, placement through a licensed surplus lines producer & Disclosures to the insured: required notices that the insurer is not admitted, lack of guaranty fund protection, unregulated rates and forms, and consumer protection standards
Integrate diligent search, insurer eligibility, export-list analysis, tax handling, and disclosures into three realistic placement case simulations.
Audit each case for missing declinations, inadequate disclosures, incorrect tax treatment, and recordkeeping gaps.
Re-drill the weakest objectives identified in prior quizzes using short, timed question sets.
Write a one-page correction memo for each case explaining what should have been done differently and why.
Your checkpoint
Three complete case files, each with a placement memo, disclosure package, tax and recordkeeping checklist, and correction memo; self-scored against a rubric with at least 85 percent of required elements present.
Surplus lines placement: diligent search and declinations, eligibility of the risk, standards for eligible nonadmitted insurers, placement through a licensed surplus lines producer & Unauthorized insurance, prohibited acts, enforcement, penalties, and producer ethical responsibilities
Complete a timed 100-question mixed practice exam covering all seven domains.
Score by domain and identify any domain below 75 percent for targeted review.
Build an error log that classifies each missed question by rule confusion, misread fact pattern, or missing Oregon-specific detail.
Create a final one-page master sheet of the highest-risk rules, deadlines, disclosures, and prohibited acts.
Your checkpoint
Timed 100-question practice exam scored at least 80 percent overall and at least 75 percent in every domain, with a completed error log listing the top 10 fixes and a final master sheet.
Milestones
Week 4: Score at least 80 percent on the 30-question Domains 5 and 7 quiz and complete the enforcement and penalties chart with no unsupported rule statements.
Week 6: Score at least 85 percent on the 20-item export and disclosure quiz and produce an export flowchart and disclosure checklist that cover every condition, limit, and required notice.
Week 8: Score at least 80 percent overall and at least 75 percent in each domain on the timed 100-question practice exam, with an error log and final master sheet completed.