What it is and how to make a filing in Oregon
Attention: The Oregon wrap-up filing process has changed. The filing process is now entirely electronic. No paper documents will be submitted at any stage. Please review the detailed instructions link below as the format required will vary for different documents.
Oregon requires a wrap-up filing be made and approved by the director prior to the project start. The wrap-submission will be submitted electronically by email with each of the required elements attached as a separate PDF – no ZIP files. The only exception being the redline Trust Agreement which needs to be a Word document.
Detailed filing instructions
The underwriting insurance company can be different for the CGL policy, and different for the WC policy. The project sponsor will either be an OCIP or CCIP – see definitions in
ORS 737.602 (2) and (3).
A mini-wrap commercial general liability policy can be issued for a project valued at less than $90 million as long as it meets the requirements outlined in ORS 737.600 (3) (f) or (h).
Mini-Wrap instructions
A workers' compensation wrap-up policy cannot be written for a project valued at less than $90 million.
Each insurer for the wrap-up project will need to provide a redlined Trust Agreement (there are two templates linked to this site – one for a project whose deposit fund amount is up to $150,000; and, one for a project whose deposit fund amount is greater than $150,000). We will ask for a signed and dated original of the final Trust Agreement after our review is completed. This final document will need to be submitted to us by email.
Trust Agreement template – Deposit more than $150,000
Trust Agreement template – Deposit up to $150,000
The wrap-up deposit required by ORS 737.602 (4) (i) will be placed after conditional approval is granted, and prior to the start of the wrap-up project (instructions regarding the deposit placement will be provided by the DFR insurance institutions section). U.S. Bank is the Oregon custodian for wrap-up deposit funds.