PLF Policy 3.400

  1. Coverage
  2. PLF Policy 3.400

Proration for OSB Licensees Leaving Private Practice During the Plan Year

(A)         An OSB licensee 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 licensee meets the criteria stated in subsection (B). The OSB licensee 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 licensee was in private practice, including the month the OSB licensee 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 licensee. OSB licensees seeking proration of the applicable PLF assessment under this policy will be required to complete a Request for Exemption and Prorated Refund Form (“Mid-year Exemption Form”) .


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

(C)          If an OSB licensee 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 licensee 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 licensee who returns to PLF coverage in the same Plan Year an assessment according to Policy 3.200(B). OSB licensees subject to this subsection may qualify for installment payment privileges according to Policy 3.300(B).

(D)          The Retroactive Date for an OSB licensee 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 licensee 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 licensee may simultaneously (1) file an Mid-year Exemption Form 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 licensee will be responsible for notifying the PLF immediately if the OSB licensee’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.