An insurer that issues a policy for worker's compensation insurance including a large deductible provision must:

1. (1) Maintain policy premium data distinguishing credit or modification premium for large deductible provisions;
2. (2) Report policy unit statistical data with losses valued on a gross basis prior to deductible provisions; and
3. (3) Separately report financial experience data to a licensed rating organization including premium prior to credits or modifications for large deductible provisions and loss valued on a gross basis prior to deductible provisions.

Statutory/Other Authority

ORS 731.244

Statutes/Other Implemented

ORS 737, 737.310 & 741.001 - 742.007

History

ID 10-2009, f. & cert. ef. 11-13-09
ID 5-2005, f. & cert. ef. 4-7-05
ID 4-1995, f. 7-21-95, cert. ef. 10-1-95