Or. Admin. Code § 436-070-0005

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

Section 436-070-0005 - Definitions

Except where the context requires otherwise, the construction of these rules is governed by the definitions in the Workers' Compensation Law and as follows:

(1) "Assessments" means the funds due from employees and employers pursuant to ORS 656.506.

(2) "Employee" means a subject Oregon worker as defined in ORS 656.005 and any otherwise nonsubject worker for whom coverage is elected under ORS 656.039.

(3) "Fund" means the Workers' Benefit Fund as created in ORS 656.506.

(4) "Fund balance" means the balance of the fund after revenue and investment income has been added and expenditures have been subtracted.

Or. Admin. Code § 436-070-0005

WCD 3-1983(Admin), f. 6-30-83, ef. 7-1-83; Renumbered from 436-055-0105, 5-1-85; WCD 2-1996, f. & cert. ef. 1-12-96; WCD 2-2005, f. 3-24-05, cert. ef. 4-1-05; WCD 11-2021, amend filed 10/12/2021, effective 1/1/2022

Statutory/Other Authority: ORS 656.506

Statutes/Other Implemented: ORS 656.506