Or. Admin. Code § 836-042-0410

Current through Register Vol. 63, No. 12, December 1, 2024

Section 836-042-0410 - Commercial Risks; Prohibition; Requirements; Filing

(1) An insurer may not sell casualty insurance on commercial risks under a group policy to members of a group unless:

(a) The insurer has satisfied the filing requirements of this rule with respect to that policy; and

(b) The Director has approved the policy as meeting the requirements of ORS 737.346(3)(f).

(2) An insurer shall file the following with the Director with respect to each group policy of casualty insurance that the insurer proposes to sell:

(a) The name of the group and the common element among its members;

(b) The name of each member;

(c) A copy or a specific explanation of the risk management plan for the group;

(d) A specific explanation of the means by which the policy provides for reduced or returned premiums for members of the group;

(e) A specific description of the rating system to be used for rating group members.

Or. Admin. Code § 836-042-0410

ID 7-1987, f. & ef. 12-11-87

Stat. Auth.: ORS 731 & ORS 737

Stats. Implemented: ORS 737.346(3)(f)