OAR 436-085-0025
Premium Assessment; Manner and Intervals for Reporting and Payments: Insurers

(1) Insurers must report and pay premium assessments using a completed Form 910, “Workers’ Compensation Insurer Premium Assessment Report.” The report must be signed by the person who prepares the report.
(2) An insurer must report and pay premium assessment based on the insurer’s assessable earned premium and the premium assessment rate in effect under OAR 440-045 no later than:
(a) November 15, for the quarter ending September 30;
(b) February 15, for the quarter ending December 31;
(c) May 15, for the quarter ending March 31; and
(d) August 15, for the quarter ending June 30.
(3) The director may allow an insurer to report and pay premium assessments annually when the insurer’s annual premium assessment has been less than $1,000 for at least two consecutive years.
(a) An eligible insurer under this section may choose to:
(A) Continue reporting and paying quarterly; or
(B) Revert to reporting and paying quarterly after having reported and paid annually for at least one year.
(b) The insurer must notify the director of its choice in writing before the first quarter’s premium assessment due date. An insurer’s reporting and payment frequency remains in effect for the full calendar year and cannot be changed mid-year.
(4) The director may waive an insurer’s reporting requirement after confirming that the insurer has had no earned premium for at least four consecutive quarters. A waiver remains in effect until premium is earned.
(5) Assessable earned premium reported by insurers is final except for corrections made as a result of audits by the director, examinations by the Division of Financial Regulation or insurance regulator of the insurer’s state of domicile, or detection of a clerical error by the insurer. All such corrections will be made at the premium assessment rate in effect for the year being corrected.
(6) Each insurer, including each insurer operating within an insurer group, must report and pay premium assessment using a separate Form 910 and check.
(7) The insurer must maintain sufficient documentation for the director to verify the amount of assessable earned premium reported to the director and any adjustments or corrections.

Source: Rule 436-085-0025 — Premium Assessment; Manner and Intervals for Reporting and Payments: Insurers, https://secure.­sos.­state.­or.­us/oard/view.­action?ruleNumber=436-085-0025.

Last Updated

Jun. 8, 2021

Rule 436-085-0025’s source at or​.us