(1) The Director of the Department of Consumer and Business Services shall promulgate a plan for the equitable apportionment among the State Accident Insurance Fund Corporation and all members of workers’ compensation rating organizations in the state coverage required by ORS 656.017 for subject employers whose coverage the fund, or any members of such rating organizations, object to providing. The plan shall include provisions authorized pursuant to ORS 737.265 (2), except that:
(a) Regardless of the rating plans adopted by any rating organization, the plan shall provide a rating structure with differing rate tiers for insureds too small to qualify for experience rating and for insureds large enough to be experience rated; and
(b) The plan shall seek and be entitled to receive approval for all classification exceptions approved by the director for any insurer.
(2) If any insurer issuing guaranty contracts under this chapter refuses to accept its equitable apportionment under such plan, the director shall revoke the insurer’s authority to issue guaranty contracts. [1965 c.285 §94a; 1979 c.673 §2; 1990 c.1 §2]
Note: The amendments to 656.730 by section 18, chapter 241, Oregon Laws 2007, become operative July 1, 2009. See section 31, chapter 241, Oregon Laws 2007. The text that is operative on and after July 1, 2009, is set forth for the user’s convenience.
656.730. (1) The Director of the Department of Consumer and Business Services shall promulgate a plan for the equitable apportionment among the State Accident Insurance Fund Corporation and all members of workers’ compensation rating organizations in the state coverage required by ORS 656.017 for subject employers whose coverage the fund, or any members of such rating organizations, object to providing. The plan shall include provisions authorized pursuant to ORS 737.265 (2), except that:
(a) Regardless of the rating plans adopted by any rating organization, the plan shall provide a rating structure with differing rate tiers for insureds too small to qualify for experience rating and for insureds large enough to be experience rated; and
(b) The plan shall seek and be entitled to receive approval for all classification exceptions approved by the director for any insurer.
(2) If any insurer issuing workers’ compensation insurance policies under this chapter refuses to accept its equitable apportionment under such plan, the director shall revoke the insurer’s authority to issue workers’ compensation insurance policies.
Section: Previous 656.722 656.724 656.725 656.726 656.727 656.728 656.729 656.730 656.732 656.734 656.735 656.740 656.745 656.750 656.751 NextLast modified: August 7, 2008