Oregon Administrative Rules
Chapter 436 - DEPARTMENT OF CONSUMER AND BUSINESS SERVICES, WORKERS' COMPENSATION DIVISION
Division 85 - PREMIUM ASSESSMENT
Section 436-085-0025 - Premium Assessment; Manner and Intervals for Reporting and Payments: Insurers
Current through Register Vol. 63, No. 3, March 1, 2024
(1) Insurers must report and pay premium assessments using a completed Form 910, "Workers' Compensation Insurer Premium Assessment Report." The report must be signed by the person who prepares the report.
(2) An insurer must report and pay premium assessment based on the insurer's assessable earned premium and the premium assessment rate in effect under OAR 440-045 no later than:
(3) The director may allow an insurer to report and pay premium assessments annually when the insurer's annual premium assessment has been less than $1,000 for at least two consecutive years.
(4) The director may waive an insurer's reporting requirement after confirming that the insurer has had no earned premium for at least four consecutive quarters. A waiver remains in effect until premium is earned.
(5) Assessableearned premium reported by insurers is final except for corrections made as a result of audits by the director, examinations by the Division of Financial Regulation or insurance regulator of the insurer's state of domicile, or detection of a clerical error by the insurer. All such corrections will be made at the premium assessment rate in effect for the year being corrected.
(6) Each insurer, including each insurer operating within an insurer group, must report and pay premium assessment using a separate Form 910 and check.
(7) The insurer must maintain sufficient documentation for the director to verify the amount of assessable earned premium reported to the director and any adjustments or corrections.
Statutory/Other Authority: ORS 656.612 & 656.726(4)
Statutes/Other Implemented: ORS 656.612