1. (1) The materials submitted under OAR 836-053-0473 must include information sufficient to allow the director to evaluate the proposed schedule or table of premium rates for approval, disapproval or modification. After conducting an actuarial review of the rate filing, the director may approve a proposed premium rate for a health benefit plan for small employers or for an individual health benefit plan if, in the director’s discretion, the proposed rates meet the requirements of ORS 742.003, 742.005, 742.007 and 743.018.
2. (2) The director may approve reasonable increases or decreases in administrative expenses supported by the information provided under OAR 836-053-0473. In addition to the materials submitted under OAR 836-053-0473, in order to determine whether the proposed increase or decrease in administrative expenses is reasonable, the director may consider the cost of living for the previous calendar year, based on the Producer Price Index for Direct Health and Medical Insurance Carriers Industry, as published by the Bureau of Labor Statistics of the United States Department of Labor.

Statutory/Other Authority

ORS 743.018, 743.019 & 743.020

Statutes/Other Implemented

ORS 742.003, 742.005, 742.007, 743.018, 743.019, 743.020, 743.730 & 743.767

History

ID 12-2013, f. 12-31-13, cert. ef. 1-1-14
ID 5-2010, f. & cert. ef. 2-16-10