Prior to any operations on state-owned land, permittees and lessees shall provide evidence of insurance as follows:

1. (1) Public liability of $100,000, $300,000 and property damage of $100,000, including fire coverage; and
2. (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. (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.

Statutory/Other Authority

ORS 273

Statutes/Other Implemented

ORS 273.780 - 273.790

History

LB 44, f. & ef. 8-16-77