OAR 836-042-0110
Rate Filing Requirements
(1)
The rating plan is filed with director according to ORS 737.205 (Filing rates, plans with director), 737.310 (Method of rate making), and 737.320 (Review of certain filings) containing rules indicating the manner in which the rate is promulgated and how the resultant premium is derived;(2)
The rating plans which include large deductible options must comply with OAR 836-042-0070 (Statutory Authority and Purpose) to 836-042-0090 (Trade Practices Found Injurious to the Insurance-Buying Public) and 836-054-0201 (Statutory Authority and Purpose) to 836-054-0210 (Required Content of Large Deductible Provisions);(3)
The insurer demonstrates rating plan compliance with all workers’ compensation financial and statistical reporting as required by OAR 836-042-0040 (Statutory Authority; Purpose and Effective Date) to 836-042-0045 (Workers’ Compensation Statistical Plan);(4)
The use of the Large Risk Alternative Rating Plans is an independent option and is not a substitute for, nor incompatible with, Manual Rating, Experience Rating, Loss Rating, rating under Loss Reimbursement or Deductible Plans, or any individual-risk rating rule permitted by Oregon law; and(5)
The insurer maintains documentation supporting the eligible employer’s Large Risk Alternative Rating Plan sufficient for examination under ORS 737.235 (Examining rating systems of insurers).
Source:
Rule 836-042-0110 — Rate Filing Requirements, https://secure.sos.state.or.us/oard/view.action?ruleNumber=836-042-0110
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