If you are engaged as a life settlement provder in Oregon you are required under sections 744.319 to 744.358 of the Oregon Revised Statutes to file an Oregon Life Settlement Provider Bond as a condition of licensure.
A surety bond protects the party requesting the bond, the Obligee, against any financial losses as a result of poor financial decisions, damages, unethical decisions, or a failure to follow state and local laws on the part of you, the Principal. The Oregon Life Settlement Provider Bond holds you accountable for your business decisions.
By possessing an Oregon Life Settlement Provider Bond, you are telling your Obligee that you can be trusted as a Principal and that you stand behind your business decisions.