Or. Admin. Code § 141-071-0425

Current through Register Vol. 63, No. 10, October 1, 2024

Section 141-071-0425 - Insurance

Prior to any operations on state-owned land, permittees and lessees shall provide evidence of insurance as follows:

(1) Public liability of $100,000, $300,000 and property damage of $100,000, including fire coverage; and

(2) Contractual liability covering the permittee's or lessee's duty of indemnification of the state -- $200,000. The State of Oregon, the Division of State Lands, and the appropriate surface-owing agency shall be named as co-insured; or

(3) Self-insurers -- In lieu of required types and amounts of insurance coverage an applicant or lessee may provide a certified balance sheet for a segregated self-insurance fund showing net worth of liquid assets in amounts equal to or exceeding the required insurance coverage.

Or. Admin. Code § 141-071-0425

LB 44, f. & ef. 8-16-77

Stat. Auth.: ORS 273

Stats. Implemented: ORS 273 .780 - ORS 273 .790