Source: https://www.oregonlaws.org/ors/656.430
Timestamp: 2019-05-23 21:27:41
Document Index: 85057254

Matched Legal Cases: ['§33', '§1', '§38', '§9', '§6', '§107', '§1', '§58', '§1', '§2', '§1', '§6', '§1', '§4', '§1']

ORS 656.430 - Certification of self-insured employer - 2017 Oregon Revised Statutes
2017 ORS Vol. 14 Chapter 656 Section 656.430
2017 ORS 656.430¹
(3) Two or more entities may not be included in the certification of one employer unless in each entity the same person, or group of persons, or corporation owns a majority interest. If an entity owns a majority interest in another entity which in turn owns the majority interest in another entity, all entities so related may be combined regardless of the number of entities in succession. If more than one entity is included in the certification of one employer, each entity included is jointly and severally liable for any compensation and other amounts due the Department of Consumer and Business Services under this chapter by any entity included in the certification.
(4) In the term “majority interest,” as used in this section, “majority” means more than 50 percent.
(a) Has issued voting stock, “majority interest” means a majority of the issued voting stock;
(b) Has not issued voting stock, “majority interest” means a majority of the members; or
(c) Has not issued voting stock and has no members, “majority interest” means a majority of the board of directors or comparable governing body.
(6) If the entity is a partnership, majority interest must be determined in accordance with the participation of each general partner in the profits of the partnership.
(7)(a) Notwithstanding any other provision of this section, the director may certify five or more subject employers as a self-insured employer group, which is an employer for purposes of this chapter, if:
(B) The director determines that the employers as a group meet the insurance coverage retention and combined net worth requirements adopted by the director by rule;
(i) The employer agrees to be jointly and severally liable for the payment of any compensation and other amounts due to the Department of Consumer and Business Services under this chapter incurred by a member of the group; or
(ii) The employer, if a city, county, special district described and listed in ORS 198.010 (“District” defined for chapter) or 198.180 (“District” defined for ORS 198.190), translator district formed under ORS 354.605 (Definitions for ORS 354.605 to 354.715) to 354.715 (Dissolution, liquidation and transfer proceedings), weed control district organized under ORS 569.350 (Necessity of eradication of weeds) to 569.445 (Duty to clean machinery before moving), intergovernmental agency created under ORS 225.050 (Joint construction, ownership and operation of waterworks), school district as defined in ORS 255.005 (Definitions) (9), public housing authority created under ORS chapter 456 or regional council of governments created under ORS chapter 190, agrees to be individually liable for the payment of any compensation and other amounts due to the department under this chapter incurred by the employer during the period of group self-insurance;
(E) The director finds that the employer group is organized as a corporation or cooperative pursuant to ORS chapter 60, 62 or 65, is an intergovernmental entity created under ORS 190.003 (Definition for ORS 190.003 to 190.130) to 190.130 (Effect of ORS 190.125) or is a self-insurance program under ORS 30.282 (Local public body insurance) (3), and the bylaws of the employer group require the employer group to obtain fidelity bonds;
(F) The director finds that the employer group has designated an entity responsible for:
(i) Centralized claims processing in accordance with paragraph (b) of this subsection; and
(ii) Payroll records, safety requirements, recording and submitting assessments and contributions and making such other reports as the director may require; and
(i) The commencement or termination of membership by employers in the group, and the effect thereof on the net worth of the employers in the group; and
(ii) Whether an employer who terminates membership in the group continues to be a subject employer; and
(b) Except for employer groups composed of cities, counties, special districts created under ORS 198.010 (“District” defined for chapter), intergovernmental agencies created under ORS 225.050 (Joint construction, ownership and operation of waterworks), school districts as defined in ORS 255.005 (Definitions), public housing authorities created under ORS chapter 456 and regional councils of governments created under ORS chapter 190, a group administrator may not be a group member or a member of the board of the group.
(a) The policy must include a provision, approved by the director, for reimbursement to the department of all expenses paid by the department on behalf of the employer pursuant to ORS 656.614 (Self-Insured Employer Adjustment Reserve) (1) and 656.443 (Procedure upon default by employer or self-insured employer group) in the same manner as if the department were the insured employer, subject to the policy limitations on amounts and limits of liability to the insured employer; and
(a) Fails to comply with subsection (8) of this section;
(b) In the case of an employer described in subsection (7) of this section, fails to comply with that subsection; or
(c) Fails to comply with rules adopted by the director as required by subsection (11) of this section.
(12) For the purpose of certification as a self-insured employer group, cities, counties, special districts created under ORS 198.010 (“District” defined for chapter), intergovernmental agencies created under ORS 225.050 (Joint construction, ownership and operation of waterworks), school districts as defined in ORS 255.005 (Definitions), public housing authorities created under ORS chapter 456 and regional councils of governments created under ORS chapter 190 shall be considered by the director to be of the same industry.
(13) Notwithstanding subsection (8) of this section, a public utility with assets of more than $500 million may obtain excess insurance coverage from an eligible surplus lines insurer. As used in this subsection, “public utility” has the meaning given that term in ORS 757.005 (Definition of public utility). [1975 c.556 §33; 1979 c.845 §1; 1981 c.535 §38; 1983 c.816 §9; 1985 c.739 §6; 1987 c.94 §107; 1987 c.800 §1; 1987 c.884 §58; 1989 c.602 §1; 1993 c.817 §2; 1999 c.280 §1; 2003 c.170 §6; 2005 c.189 §1; 2014 c.48 §4; 2017 c.118 §1]