Or. Admin. R. 141-071-0425 - Insurance
Prior to any operations on state-owned land, permittees and lessees shall provide evidence of insurance as follows:
(1) Public liability of $100,000, $300,000
and property damage of $100,000, including fire coverage; and
(2) Contractual liability covering the
permittee's or lessee's duty of indemnification of the state -- $200,000. The
State of Oregon, the Division of State Lands, and the appropriate surface-owing
agency shall be named as co-insured; or
(3) Self-insurers -- In lieu of required
types and amounts of insurance coverage an applicant or lessee may provide a
certified balance sheet for a segregated self-insurance fund showing net worth
of liquid assets in amounts equal to or exceeding the required insurance
coverage.
Notes
Stat. Auth.: ORS 273
Stats. Implemented: ORS 273 .780 - ORS 273 .790
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