OAR 836-054-0205
Definitions


As used in OAR 836-054-0201 (Statutory Authority and Purpose) to 836-054-0210 (Required Content of Large Deductible Provisions):

(1)

“Insurer” means any insurer authorized to write workers’ compensation insurance and includes the State Accident Insurance Fund Corporation.

(2)

“Large Deductible” means a provision in a workers’ compensation policy, or added by endorsement thereto, which allows a policyholder to be financially responsible for claims incurred under the policy up to a percentage of premium, a stated amount per claim, or other limit specified in the provision in exchange for a prospective premium reduction.

(3)

“Workers’ Compensation Insurance” means insurance providing coverage for the obligations of an employer arising from illness or injury to workers whether such obligation is imposed by ORS Chapters 654 and 656, similar laws of the United States, or agreements between states.

(4)

“Workers’ Compensation Premium Assessment” means the assessment imposed on insurers, self-insured employers, and self-insured employer groups by the Director of the Department of Consumer and Business Services pursuant to ORS 656.612 (Assessments for department activities).
Last Updated

Jun. 8, 2021

Rule 836-054-0205’s source at or​.us