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Guaranty Contract - Oregon

Guaranty Contract - Oregon 2026

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The document is a Guaranty Contract for workers' compensation insurance between an insurer and the Oregon Department of Consumer and Business Services, specifically for policies effective before July 1, 2009. It outlines the necessary information required from employers, including legal name, tax identification numbers, business type, employee count, and nature of business. The contract guarantees that the insurer will cover compensable injuries under Oregon law and details termination procedures for the contract.

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Click ‘Get Form’ to open the Guaranty Contract - Oregon in the editor.
Begin by entering the 'Mailing date' in the designated field. This is crucial for tracking purposes.
Fill in the 'Legal name of employer' accurately, ensuring it matches the registration with the Oregon Secretary of State.
Provide your 'Federal tax number (FEIN)' and 'Business identification number (BIN)' as required.
Specify the 'Type of ownership' by selecting from options like sole owner, partnership, or corporation.
Indicate how many 'Notices of Compliance' you need for posting at your business locations.
Enter the 'Annual average number of employees in Oregon', ensuring accuracy based on a 12-month period.
Describe your business's primary nature in Oregon, using clear examples relevant to your operations.
Complete additional fields such as previous coverage status and contact information before finalizing your form.

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We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

What is a guaranty contract?

The Oregon Insurance Guaranty Association (OIGA) manages select claims previously insured by an insolvent insurer under the Oregon Insurance Guaranty Act, ORS 734.510 - 734.710.

What is the Oregon Insurance Guaranty Association?

A guaranty involves a third-party entity providing financial assurance for a contractors performance, while a guarantee typically refers to the warranties offered by contractors or manufacturers for the quality and performance of their work or products.

What is a guaranty agreement?

Traditionally, a distinction is made between: Real guarantees relating to assets having an intrinsic value. Personal guarantees involving a debt obligation for one or more people. Moral guarantees that do not provide the lender with any real legal security.

What is the difference between guarantee and guaranty agreement?

Enforcement can take various forms: Demand Letters: The process often begins with the creditor sending a demand letter to the personal guarantor. This letter outlines the amount owed, the terms of the personal guarantee, and a request for payment within a specified timeframe.

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