Terms Used In Oregon Statutes > Chapter 278 > Insurance Fund

• Actuarially sound: means funding and insurance sufficient to pay those losses and their related costs which are known or are projected by the Oregon Department of Administrative Services from analyses of claims, loss experience and risk factors. See Oregon Statutes 278.005
• agency: means each state branch, institution, department, board, commission or activity of whatever nature. See Oregon Statutes 278.005
• Department: means the Oregon Department of Administrative Services. See Oregon Statutes 278.005
• Property: means real and personal property as defined in this section, and any other property under the control of the state in which the state has an insurable interest as determined by the department. See Oregon Statutes 278.005
• public body: means state government bodies, local government bodies and special government bodies. See Oregon Statutes 174.109
• 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