(1) The Oregon Educators Benefit Board may employ whatever means are reasonably necessary to carry out the purposes of ORS 243.860 to 243.886. This authority includes, but is not limited to, authority to self-insure and to seek clarification, amendment, modification, suspension or termination of any agreement or contract.
(2) Upon providing specific notice in writing to the carrier, the affected labor organization or organizations, the districts, the Oregon Department of Administrative Services and the affected eligible employees, and after affording opportunity for a public hearing on the issues that may be involved, the board may enter an order withdrawing approval of a benefit plan. Thirty days after entry of the order, the board shall terminate all withholding authorizations of eligible employees and terminate all board-approved participation in the plan.
(3) The board by order may terminate the participation of a district in a benefit plan if, within three months, the district fails to perform an action required by ORS 243.860 to 243.886 or by board rule. [2007 c.7 §10]
Note: See note under 243.860.
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