OAR 836-054-0115: Definitions

As used in OAR 836-054-0110 to 836-054-0130: (1) “Qualified policy” has the meaning set forth in ORS 742.075. (2) “Qualified insurer” means any insurer that offers a qualified policy and whose combined written premium of the qualifying lines is $1,000,000 or greater for any calendar year being reported. (3) A factor “significantly contributes” to a policy premium increase from one policy term to the next if the portion of the policy premium increase attributable to the factor (a) exceeds 2% of the current policy premium, and (b) ranks in the highest four impacts, on a dollar increase basis, of all rating factors that contributed to the premium increase.