Oregon’s Department of Consumer and Business Services on Wednesday announced the proposed premium assessment rate for 2018 is 6.8%, the same rate the agency adopted for 2017.
The assessment covers the operations of the Workers’ Compensation Division and Workers’ Compensation Board, as well as part of the costs of the Occupational Safety and Health Administration and part of the Insurance Division.
The assessment rate was 6.2% for four years before it increased to 6.8% in 2017.
The department also said it does not anticipate any changes to the additional assessments levied on self-insured employers that finance the Self-Insured Employer Adjustment Reserve and the Self-Insured Employer Group Adjustment Reserve. The 2017 assessment for self-insured employers and public-sector SIGs was 0.2%. The assessment for private self-insured groups was 1% in 2017.
DCBS is holding a hearing on the proposed premium assessment rates at 3 p.m. Sept. 21 in the basement of the Labor & Industries building, 250 Winter St. NE in Salem.
Written comments can be submitted until 5 p.m. on Sept. 29. Comments can be sent to the Director’s Office of the Department of Consumer and Business Services, 350 Winter St. NE, PO Box 14480, Salem, Oregon 97309-0405.
The proposed assessment rules had not been posited online as of Wednesday afternoon.
May 5-8, 2024
Amplify Your Impact There’s no limit to what you can achieve when you join the global risk managem …
May 13-15, 2024
Join us May 13–15, 2024, for NCCI's Annual Insights Symposium (AIS) 2024, the industry’s premier e …
May 13-14, 2024
The Board of Managers is excited to announce that the CSIA 2024 Annual Meeting and Educational Con …
No Comments
Log in to post a comment