| Self-insured
employer certification |
| |
Request
for feedback:
As outlined in the Workers’ Compensation Division’s June
8, 2009, industry notice, the division is changing the way it
conducts claims processing performance audits. WCD would like industry
input on the proposed changes. Your responses
to this survey will help us design future audits that allow WCD to
monitor industry performance while minimizing burdens and intrusiveness
on companies.
 Online
survey
Print and mail hardcopy survey
to:
Workers' Compensation Division
Field
Audit Unit
350
Winter St. NE
P.O.
Box 14480
Salem
97309-0405 |
|
| |
| |
|
To
become self-insured for workers’ compensation purposes in Oregon,
an employer must submit the following:
|
 |
An
application in a format prescribed by the director
(Available upon request: Jody
Howatt, 503-947-7699.)
|
|
Proof
of the employer’s claims processing ability
|
|
Annual
or audited financial statements for the last three fiscal years, along
with the “SEC Form 10K” (a Securities and Exchange Commission
form) if issued
|
|
Evidence
of an occupational safety and health loss control program
|
|
Most
recent experience rating modification worksheet
|
|
Types
and retention levels of excess insurance
|
|
Evidence
of ability to obtain a surety bond or an irrevocable standby letter of
credit
|
| |
| |
|
|
|
|
|
|
| |
| |
|
Security
deposits
Security deposits are required to guarantee continued payment of claim
liabilities in the case of default. Adequacy of security deposits is reviewed
annually and may be required to be increased depending upon claim liability,
financial condition, and excess insurance coverage.
|
| |
|
Insolvent
employers
The Self-Insured Employer Adjustment Reserve and the Self-Insured Employer
Group Adjustment Reserve provide funds to pay claims in the event the
self-insured employer, or the self-insured employer group, fails or is
unable to make payments due under ORS Chapter 656.
|
| |
|
Self-insured
employer group
Five or more employers may be approved to form a self-insured employer
group in accordance with ORS 656.430.
|
| |
|
Number
of self-insured employers
There are approximately 155 current active certified self-insured employer
plans in Oregon, which include approximately 1000 employers. There are
currently about 950 employers who are members of six self-insured employer
groups.
|
| |
|
|
| Resources |
|
Fee
Discount Agreement |
|
Receive
updates to this information by e-mail |
|
WCD
Training & Events |
|
Dispute
resolution |
|
Disaster resource |
|
|
| |
| |
