Oregon Statutes 414.902 – Managed care organization assessment; penalties
Current as of: 2023 | Check for updates
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(1) If a managed care organization fails to timely pay an assessment under ORS § 414.880, the Oregon Health Authority shall impose a penalty on the managed care organization of up to $500 per day of delinquency. The total amount of penalties imposed under this section for a calendar quarter may not exceed five percent of the assessment due for that calendar quarter.
Terms Used In Oregon Statutes 414.902
- State Treasury: includes those financial assets the lawful custody of which are vested in the State Treasurer and the office of the State Treasurer relating to the custody of those financial assets. See Oregon Statutes 174.100
(2) Any penalty imposed under this section is in addition to and not in lieu of the assessment imposed under ORS § 414.880.
(3) Penalties received by the authority under this section shall be paid into the State Treasury and credited to the Health System Fund established under section 2, chapter 538, Oregon Laws 2017. [2017 c.538 § 10]
See note under 414.880.