Or. Admin. Code § 836-043-0034

Current through Register Vol. 63, No. 12, December 1, 2024
Section 836-043-0034 - Surety Bonds

For all submission options under OAR 836-043-0028 or 836-043-0032, the employer submitting an application may satisfy a portion of the deposit premium with an authorized surety's financial guaranty bond, but the cash portion of the deposit premium must be no less than either the minimum premium or 25 percent of the total estimated annual premium, whichever is greater. The employer may select any minimum deposit percentage listed in the NCCI Plan Oregon State Instructions page (Exhibit 3 to OAR 836-042-0024) and post a bond for the premium difference between that percentage and the minimum deposit percentage otherwise applicable.

Or. Admin. Code § 836-043-0034

ID 18-2008, f. 12-9-08, cert. ef. 1-1-09

Stat. Auth.: ORS 656.427, 656.730 & 731.244

Stats. Implemented: ORS 656.427, 656.730 & 737.265