Earned Large Deductible Premium Credits:

 

      Source: Research & Analysis Sec., Information Management Div., Oregon Dept. of Consumer & Business Services.  Last

                   Updated 6/2006

 

In 1996, Large Deductible Premium Credits (LDPCs) were added as an option to workers' compensation in Oregon. Under deductible policies, the insurer continues to administer all workers' compensation claims. Employers reimburse insurers, however, for claims costs up to the specified deductible. In return, employers receive a credit on their workers? compensation premium. Insurers and employers are assessed on premium prior to deductible credits.  Figure 14 illustrates the general rise in LDPCs from 1996 through 2002. The 2004 LDPC total was down slightly from calendar years 2002 and 2003 with 2005 LDPC moving back up to its highest level yet.