Oregon Administrative Rules
Chapter 836 - DEPARTMENT OF CONSUMER AND BUSINESS SERVICES, INSURANCE REGULATION
Division 42 - RATES AND RATEMAKING
Section 836-042-0410 - Commercial Risks; Prohibition; Requirements; Filing
Universal Citation: OR Admin Rules 836-042-0410
Current through Register Vol. 63, No. 9, September 1, 2024
(1) An insurer may not sell casualty insurance on commercial risks under a group policy to members of a group unless:
(a) The insurer has satisfied the
filing requirements of this rule with respect to that policy; and
(b) The Director has approved the policy as
meeting the requirements of ORS
737.346(3)(f).
(2) An insurer shall file the following with the Director with respect to each group policy of casualty insurance that the insurer proposes to sell:
(a) The name of the group and the common
element among its members;
(b) The
name of each member;
(c) A copy or
a specific explanation of the risk management plan for the group;
(d) A specific explanation of the means by
which the policy provides for reduced or returned premiums for members of the
group;
(e) A specific description
of the rating system to be used for rating group members.
Stat. Auth.: ORS 731 & ORS 737
Stats. Implemented: ORS 737.346(3)(f)
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