(1) A self-insured employer directly assumes the responsibility for providing compensation due subject workers and their beneficiaries under this chapter.
(2) The claims of subject workers and their beneficiaries resulting from injuries while employed by a self-insured employer shall be handled in the manner provided by this chapter. A self-insured employer is subject to the rules of the Director of the Department of Consumer and Business Services with respect to such claims.
(3) Security deposited by a self-insured employer shall not relieve any such employer from full and primary responsibility for claims administration and payment of compensation under this chapter. This subsection applies to a self-insured employer even though the self-insured employer insures or reinsures all or any portion of risks under this chapter with an insurance company authorized to do business in this state or with any other insurer with whom insurance can be placed or secured pursuant to ORS 744.305 to 744.405 (1985 Replacement Part).
(4) When a self-insured employer is a professional employer organization required to be licensed by ORS 656.850 and 656.855, the professional employer organization shall also comply with the regulatory provisions of ORS chapters 656 and 737 pertaining to professional employer organizations and with such rules as may be adopted pursuant to ORS 656.726 and 731.244 for the supervision and regulation of professional employer organizations.