Or. Admin. R. 836-043-0091
It is essential for maintaining the viability of the Plan to establish and maintain rates at a level that will permit the Plan to operate with no more than a reasonable subsidy required from voluntary insured employers. The NCCI shall maintain necessary ratemaking data in order to permit the actuarial determination of rates and rating plans appropriate for the business insured through the Plan. Each servicing carrier shall report its experience on business written under the Plan to the NCCI in a format prescribed by the NCCI. It is the responsibility of the NCCI to monitor both rate adequacy and Plan results. The NCCI shall notify the Insurance Commissioner if excessive losses are indicated to enable the Insurance Commissioner to take corrective action.
Or. Admin. R. 836-043-0091
Stat. Auth.: ORS 656.427, ORS 656.730 & ORS 731.244
Stats. Implemented: ORS 656.427, ORS 656.730 & ORS 737.265