PLF Policy 3.400

Proration for OSB Members Leaving Private Practice During the Plan Year

(A) An OSB member with PLF coverage who leaves the private practice of law in Oregon during the Plan Year is entitled to proration of the applicable PLF assessment if the OSB member meets the criteria stated in subsection (B). The OSB member will pay a proportionate assessment on the basis of one-twelfth of the total assessment for each partial or full calendar month that the OSB member was in private practice, including the month the OSB member leaves private practice. No reduction, proration, or refund will occur for any service charge, late payment charge, or other charges or fees paid or owed by the OSB member. OSB members seeking proration of the applicable PLF assessment under this policy will be required to complete an Application for Proration and sign a Request for Exemption.

(B) To qualify for proration of the applicable PLF assessment under this policy, an OSB member must cease to engage in any private practice of law which would require PLF coverage. This means, among other things, that the OSB member may not consult with a current, former, or prospective client, partner, fellow shareholder, associate, employee, or associated OSB member concerning the ongoing progress or handling of an existing matter or new matter unless permitted to do so within the scope of the OSB member’s PLF exemption.

(C) If an OSB member obtains proration of their assessment under subsection (A) and returns to PLF coverage in the same Plan Year with a gap in continuous coverage of less than two full calendar months, upon returning to coverage the OSB member will be required to pay his or her full annual assessment as if there had been no gap in coverage. In all other cases, the PLF will charge the OSB member who returns to PLF coverage in the same Plan Year an assessment according to Policy 3.200(B). OSB members subject to this subsection may qualify for installment payment privileges according to Policy 3.300(B).

(D) The Retroactive Date for an OSB member who obtains proration of his or her assessment under Policy 3.400 and later returns to PLF coverage will be determined according to Policy 3.100.

(E) If an OSB member is paying his or her assessment on an installment basis and will be leaving the private practice of law in Oregon prior to the last calendar month of the next installment period, the OSB member may simultaneously (1) file an Application for Proration and Request for Exemption indicating the anticipated date of leaving the private practice of law in Oregon, and (2) pay a reduced installment payment as calculated by the PLF based on the anticipated date of leaving the private practice of law in Oregon. The OSB member will be responsible for notifying the PLF immediately if the OSB member’s actual last day of private practice in Oregon is different than the date previously indicated to the PLF and will be required to pay immediately any additional assessment amounts which may be due based upon the correct date.