(1) Except as provided in subsection (2) of this section, nothing contained in this chapter shall be construed as requiring any insurer to become a member of or a subscriber to any rating organization.

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Terms Used In Oregon Statutes 737.560

  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Subscriber: means an insurer that is furnished at its request:

    (a) With rates and rating manuals by a rating organization of which it is not a member; or

    (b) With advisory services by an advisory organization of which it is not a member. See Oregon Statutes 737.017

(2) Each workers’ compensation insurer, including the State Accident Insurance Fund Corporation, shall be a member of a licensed workers’ compensation rating organization. [Amended by 1967 c.359 § 334; 1969 c.690 § 25; 1981 c.535 § 21; 1999 c.235 § 5]

 

FICTITIOUS GROUPINGS

 

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