Oregon Administrative Rules
Chapter 836 - DEPARTMENT OF CONSUMER AND BUSINESS SERVICES, INSURANCE REGULATION
Division 80 - TRADE PRACTICES
Section 836-080-0115 - Definitions
Current through Register Vol. 63, No. 9, September 1, 2024
As used in OAR 836-080-0105 to 836-080-0155, unless the context requires otherwise:
(1) "Dividend statement" has the meaning given the term by OAR 836-080-0130.
(2) "Insurer" has the meaning given the term by ORS 731.106 and includes the State Accident Insurance Fund.
(3) "Issue" when referring to an insurance policy includes "renew" and "endorse."
(4) "Participating policy" means a policy that grants participation rights to the policyholder.
(5) "Participation" means the right of a policyholder to share in the distribution of profits or other assets of the insurer, whether or not the right is conditional or limited by other provisions.
(6) "Policy" has the meaning given the term by ORS 731.122, and the term includes endorsements and the agreements between the State Accident Insurance Fund and individual contributing employers by which the Fund provides workmen's compensation coverage.
(7) "Policyholder" means a person who owns or has an interest in a policy and the term includes a prospective policyholder.
(8) "Prospective policyholder" includes a policyholder who is considering the renewal or discontinuance of an existing policy.
Stat. Auth.: ORS 731 & ORS 746
Stats. Implemented: ORS 746.015(1), ORS 746.075, ORS 746.160(3) & ORS 746.240
