OR HB3319

Authorizes the State Accident Insurance Fund Corporation (SAIF) to evaluate employer risk over the past three years and reduce workers' compensation premiums when employers enter agreements that reduce or mitigate risk

Allows SAIF to offer reduced premium rates to new business owners or those assuming ownership of existing businesses during a probationary period based on agreement terms

Permits SAIF to extend reduced premium rates beyond the probationary period if the business owner adheres to the agreement conditions

Authorizes SAIF to rescind reduced rates and charge premiums reflecting actual risk assessment if business owners fail to comply with agreement terms during the probationary period

Adds new provisions to ORS chapter 656 governing workers' compensation insurance premium rate-setting authority