Oregon Administrative Rules
Chapter 836 - DEPARTMENT OF CONSUMER AND BUSINESS SERVICES, INSURANCE REGULATION
Division 42 - RATES AND RATEMAKING
Section 836-042-0415 - Day Care Facilities; Prohibition; Requirements; Filing
Universal Citation: OR Admin Rules 836-042-0415
Current through Register Vol. 63, No. 9, September 1, 2024
(1) An insurer may not sell insurance under a group policy to members of a group of day care facilities 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 OAR
836-042-0400 to
836-042-0430.
(2) An insurer shall file the following with the Director with respect to each group policy for day care facilities that the insurer proposes to sell:
(a) The name of the group;
(b) The name of each day care facility in the
group;
(c) A description of the
kind or class of insurance provided to the group;
(d) A copy or a specific explanation of the
risk management plan for the group;
(e) A specific explanation of the means by
which the policy provides for reduced or returned premiums for members of the
group;
(f) 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)(g)
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