OR ID Proposes WC Large Risk Alternative Rating Plans And Large Deductible Provisions Rules

Portland, OR (CompNewsNetwork) - The Oregon Insurance Division filed proposed rules on the above subject with the Secretary of State on March 5, 2010.

These proposed rules:

--  Modify filing requirements to allow Oregon Large Risk Alternative Rating Plans to include workers' compensation insurance, provided the insured has  countrywide workers' compensation standard premium in excess of $500,000.

--  Allow large deductible rating plans to reduce the minimum employer eligibility from $750,000 to $500,000 in countrywide workers' compensation standard premium.  Because large deductible rating plans can be written as Large Risk Alternative Rating Plans, the proposed rule amendments will avert inconsistencies within the rules governing workers' compensation rating plans.