OAR 836-150-0040: Reinsurance Parameters

(1) For the benefit year beginning on January 1, 2022 the parameters for the Oregon Reinsurance Program are: (a) An attachment point of $92,000; (b) A reinsurance cap of $1,000,000; and (c) A coinsurance rate of fifty percent. (2) For the benefit year beginning on January 1, 2023 the parameters for the Oregon Reinsurance Program are: (a) An attachment point of $95,000; (b) A reinsurance cap of $1,000,000; and (c) A coinsurance rate of fifty percent. (3) For the benefit year beginning on January 1, 2024 the parameters for the Oregon Reinsurance Program are: (a) An attachment point of $95,000; (b) A reinsurance cap of $1,000,000; and (c) A coinsurance rate of fifty percent. (4) For the benefit year beginning on January 1, 2025 the parameters for the Oregon Reinsurance Program are: (a) An attachment point of $103,000; (b) A reinsurance cap of $1,000,000; and (c) A coinsurance rate of fifty percent. (5) For the benefit year beginning on January 1, 2026 the parameters for the Oregon Reinsurance Program are: (a) An attachment point of $108,000; (b) A reinsurance cap of $1,000,000; and (c) A coinsurance rate of fifty percent.