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OR Proposed 2010 WC Premium Assessment Rates

12 Aug, 2009 WorkersCompensation.com

                               
Portland, OR (CompNewsNetwork) - The director adopts by rule the workers' compensation premium assessment rate that is paid by all employers based on their workers' compensation premium and is collected by the insurer at the time the employer pays the premium. This assessment is used to fund workers' compensation related programs and workplace safety and health programs that serve Oregon employers and workers. In addition, the rule adopts the rate for an additional assessment percentage amount that is collected from all self-insured employers as well as all self-insured employer groups to fund the Self-Insured Employers Adjustment Reserve and the Self-Insured Employer Group Adjustment Reserve. These reserves are established to assure benefits are available in the event of a financial failure of a self-insured employer or self-insured employer group. This rulemaking will adopt the assessment percentage that will be in effect from January 1, 2010 to December 31, 2010. Before recommending the 2010 premium assessment rate, the department must analyze financial data that is not available until late July 2009, review the data, and authorize or disapprove a proposed workers' compensation pure premium insurance rate filing filed by the National Council on Compensation Insurance. We expect the recommendation for the 2010 premium assessment rate to be announced between September 14 and September 17, 2009. 

A hearing regarding the 2010 Workers' Compensation Premium Assessment Rates will be held on Tuesday, September 29, 2009 at 1:00 p.m. at the Labor & Industries Building, 350 Winter Street NE, Conf. Rm. F. Written testimony will be accepted if received no later than 5:00 p.m., September 29, 2009 by the Director's Office of the Department of Consumer and Business Services, 350 Winter Street NE, P. O. Box 14480, Salem, OR 97309-0405. 

The Agency requests public comment on whether other options should be considered for achieving the rule's substantive goals while reducing any negative economic impact of the rule on business. 

Text of the proposed rule as well as the other rulemaking documents can be found at: http://egov.oregon.gov/DCBS/premium.shtml#2010_WC_rate_information

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