Insurance Division Proposes New Audit, Classification Rules

The Oregon Insurance Division has proposed amendments to its premium audit and classification rules to eliminate or replace obsolete provisions and clarify the rules by using plain language and consistent terms.The proposed rules revise requirements of the test audit program to clarify the time allowed for insurers to report audit findings to the National Council on Compensation Insurance and to require insurers to report all compensable indemnity claims to NCCI, rather than only those claims greater than $2,000, as is currently required. Changes would also require insurers to report compensab...