OAR 836-042-0075: Definitions

As used in OAR 836-042-0070 to 836-042-0090: (a) “Insurer” means any insurer authorized to write workers’ compensation insurance and includes the State Accident Insurance Fund Corporation. (2) “Director” means the Director of the Department of Consumer and Business Services. (3) “Large Deductible” means a provision in a workers’ compensation policy, or added by endorsement thereto, which allows a policy holder to be financially responsible for claims incurred under the policy up to a percentage of premium, a stated amount per claim, or other limit specified in the provision in exchange for a prospective premium reduction. (4) “Workers’ Compensation Insurance” means insurance providing coverage for the obligations of an employer arising from illness or injury to workers whether such obligation is imposed by ORS Chapters 654 and 656, similar laws of the United States, or agreements between states.