Oregon Administrative Rules
Chapter 836 - DEPARTMENT OF CONSUMER AND BUSINESS SERVICES, INSURANCE REGULATION
Division 42 - RATES AND RATEMAKING
Section 836-042-0075 - Definitions

Universal Citation: OR Admin Rules 836-042-0075

Current through Register Vol. 63, No. 9, September 1, 2024

As used in OAR 836-042-0070 to 836-042-0090:

(1) "Insurer" means any insurer authorized to write workers' compensation insurance and includes the State Accident Insurance Fund Corporation.

(2) "Director" means the Director of the Department of Consumer and Business Services.

(3) "Large Deductible" means a provision in a workers' compensation policy, or added by endorsement thereto, which allows a policy holder to be financially responsible for claims incurred under the policy up to a percentage of premium, a stated amount per claim, or other limit specified in the provision in exchange for a prospective premium reduction.

(4) "Workers' Compensation Insurance" means insurance providing coverage for the obligations of an employer arising from illness or injury to workers whether such obligation is imposed by ORS Chapters 654 and 656, similar laws of the United States, or agreements between states.

Stat. Auth.: ORS 731.244

Stats. Implemented: ORS 737, ORS 737.310 & ORS 741.001 - ORS 742.007

Disclaimer: These regulations may not be the most recent version. Oregon may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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