February 22, 2013 - Oregon State Bar

3.500 PLAN FOR SPECIAL UNDERWRITING
ASSESSMENT
(A) Plan for Special Underwritine
Assessment: Lawyers will be subject to a Special
Underwriting Assessment (SUA) to be assessed
under the following terms and conditions. This
Plan for Special Underwriting Assessment may be
changed or amended in the future.
(B)
Special Underwritine Assessment:
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(1) The surcharge assessed on
January 1 of each year will be based upon the total
of all payments for indemnity and expense
(including Claims Expense Allowance) paid on a
claim or group of related claims in excess of an
aggregate amount of $75,000 per claim. If a claim
is part of ~ group of related claims for which
resoonsibility is allocated pursuant to 3.500(D). the
SUA will be based on the amount in excess of
$75.000 of the indemnity and expense allocated to
each Covered Party ar-~ree~e#~ekiFed-~laim~(the
"Base Amount'). SUA will be assessed for all
claims which are settled or closed by the PLF
a .. ter-r~eried-ea~Jiag- September
30 of the prior year. The surcharge for each claim
kited-slairas-will be equal to 1% of
the Base Amount so calculated and will be char¢ed
for each of the next fve years. Ydiaea-a-c~aiwi~
Vii,^teams-. ...,lade-against-„,a.~.,, .~.~.,
eae-Es+~e-~k~e ~ ^~.,-:.,~,-,,' °'~-~.e-Ealee4aFecl
iefi-tlae-eaaiva-eK-groE~~la ir~as-a s-au~M84e
af~4-fMea-9ra1_1eECa-Ered~-aFao~~g-Ehe~fevered-Fafities
qB-iilOF2--T~h3~+~~~'v~L~••r•••cmn” •.(J
HK~2HlfilFl~~~c'r~"+^ci~~IC~NIg r~,m..+rc•-^' ~MpEFS~
Allousac~{--will--~e--e~laelea °~^^moo,.'-- < ~^
caleeJatiea-vegarciless-s~Nae-aN~ny^ter r^veFeA
o,.+'...... ~+..~I ..~ ..............i
(2) All present and former Covered
Parties will be assessed according to these
provisions, but a Covered Party will 6e required
to pay the SUA only if the Covered Party
maintains current coverage with the PLF at the
time of the SUA assessment.
~BOD 6/30/03; BOG 9/18/03)
PLF Policy Manual
January ~^1-22013 Page 25