ORS 278.125 Purchase of insurance; payment of premium; legislative approval of self-insurance plan

The Oregon Department of Administrative Services is authorized to negotiate for and purchase such insurance as the department deems necessary or desirable to accomplish the purposes of this chapter and ORS 30.260 to 30.300 and 278.322, or such other insurance or reinsurance as may be desirable to insure the state, participating local public bodies or their officers, employees or agents against liability.

The premium for the insurance shall be paid from the Insurance Fund as either an administrative expense or charged to the benefiting state agency, agencies or participating local public bodies.

The department may not implement any plan of self-insurance insuring any part of the liability of the state or its officers, employees or agents under ORS 30.260 to 30.300 until after the plan has been submitted to and approved by the Joint Committee on Ways and Means of the Legislative Assembly.