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Oregon Revised Statutes Occupations and Professions § 676.552

Current as of January 01, 2023 | Updated by Findlaw Staff

(1)(a) The amount of the subsidy paid by the Oregon Health Authority under ORS 676.550 shall be a percentage of the actual premium charged for medical professional liability insurance with limits of coverage of $1 million per occurrence and up to $3 million annual aggregate. However, the premium subsidy for a practitioner referred to in paragraph (b)(C) or (D) of this subsection shall be the lesser of the percentage of the premium due or paid for the current calendar year and the premium paid in the previous calendar year. When determining the lesser amount under this paragraph, any step increases in the premium owing to the claims-made nature of the policy may not be considered.

(b) The subsidy paid by the Oregon Health Authority under ORS 676.550 shall be:

(A) Eighty percent for physicians specializing in obstetrics and nurse practitioners certified for obstetric care;

(B) Sixty percent for physicians specializing in family or general practice who provide obstetrical services;

(C) Forty percent for physicians and nurse practitioners engaging in one or more of the following practices:

(i) Family practice without obstetrical services;

(ii) General practice without obstetrical services;

(iii) Internal medicine;

(iv) Geriatrics;

(v) Pulmonary medicine;

(vi) Pediatrics;

(vii) General surgery; and

(viii) Anesthesiology; and

(D) Fifteen percent for physicians and nurse practitioners other than those included in subparagraphs (A) to (C) of this paragraph.

(2) If the funds available for the subsidy program are insufficient to provide the maximum premium subsidy for all practitioners who qualify for the program, the authority shall reduce or eliminate subsidies for practitioners described in subsection (1)(b)(D) of this section. If, after eliminating subsidies for practitioners described in subsection (1)(b)(D) of this section, the funds are insufficient to provide the maximum premium subsidies for the remaining practitioners, the authority shall also reduce or eliminate the subsidies for practitioners described in subsection (1)(b)(C) of this section.

(3) An insurer shall reduce the premium charged to a practitioner by the amount of any premium subsidy paid or to be paid under this section and ORS 676.550.

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Cite this article: FindLaw.com - Oregon Revised Statutes Occupations and Professions § 676.552 - last updated January 01, 2023 | https://codes.findlaw.com/or/title-52-occupations-and-professions/or-rev-st-sect-676-552/

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