Or. Admin. Code § 836-042-0110 - Rate Filing Requirements

The Director may approve retrospective rating plans and large deductible rating plans as mutually agreed upon between insurer and eligible employer under the following conditions:

(1) The rating plan is filed with director according to ORS 737.205, 737.310, and 737.320 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 to 836-042-0090 and 836-054-0201 to 836-054-0210;

(3) The insurer demonstrates rating plan compliance with all workers' compensation financial and statistical reporting as required by OAR 836-042-0040 to 836-042-0045;

(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.

Notes

Or. Admin. Code § 836-042-0110

ID 11-2010, f. 5-4-10, cert. ef. 7-1-10

Stat. Auth.: ORS 731.244 & 737.325(1)

Stats. Implemented: ORS 737, 737.205, 737.310, 737.320 & 737.325(1)