ORS 744.994: Effect of license expiration or surrender on director’s investigation or disciplinary proceedings.

(1) As used in this section:

      (a) “Adjuster” has the meaning given that term in ORS 744.502;

      (b) “Insurance consultant” has the meaning given that term in ORS 744.602; and

      (c) “Licensee” means a person that has obtained a license to engage in business as an adjuster, an insurance consultant or an insurance producer.

      (2) A license expiration or a licensee’s voluntary surrender of a license does not prevent the Director of the Department of Consumer and Business Services from investigating or initiating disciplinary proceedings against a licensee. The director may also at any time revise or vacate an order to suspend or revoke a license.