Title Minnesota Statutes, Minnesota Statutes

79.096 ACCESS TO RATE-MAKING DATA. The rating association must make available for inspection on request of any person any data it possesses related to the calculation of indicated pure premium rates. History: 1992 c 510 art 3 s 3

79.101 ATTESTATION REQUIRED. § Subdivision 1.Zero estimated exposure. For purposes of this section, a "zero estimated exposure policy" has the meaning given in section 176.011, subdivision 19a. This section applies to zero estimated exposure policies issued to employers performin…

79.102 OWNER- AND CONTRACTOR-CONTROLLED INSURANCE PROGRAMS. § Subdivision 1.Definitions. (a) "Project sponsor" means a person who engages the services of a contractor for the purpose of working on a single, specific, and large construction, erection, or demolition project. (b) "O…

79.211 CERTAIN PREMIUM DETERMINATION PRACTICES. § Subdivision 1.Certain wages included for ratemaking. The rating association or an insurer shall include wages paid for a vacation, holiday, or sick leave in the determination of a workers' compensation insurance premium. An insure…

79.251 ADMINISTRATION OF ASSIGNED RISK PLAN. § Subdivision 1.General duties of commissioner. (a)(1) The commissioner shall have all the usual powers and authorities necessary for the discharge of the commissioner's duties under this section and may contract with individuals in di…

79.252 ASSIGNED RISK PLAN. § Subdivision 1.Purpose. The purpose of the assigned risk plan is to provide workers' compensation coverage to employers rejected by a licensed insurance company pursuant to subdivision 2. § Subd. 2.Rejected risks. An insurer that refuses to write insur…

79.253 ASSIGNED RISK SAFETY ACCOUNT. § Subdivision 1.Creation of account. There is created the assigned risk safety account as a separate account in the special compensation fund in the state treasury. Income earned by funds in the account must be credited to the account. Princip…

79.255 WORKERS' COMPENSATION INSURANCE; LESSORS OF EMPLOYEES. § Subdivision 1.Registration required. A corporation, partnership, sole proprietorship, or other business entity which provides staff, personnel, or employees to be employed in this state to other businesses pursuant t…

79.34 CREATION OF REINSURANCE ASSOCIATION. § Subdivision 1.Conditions requiring membership. The nonprofit association known as the Workers' Compensation Reinsurance Association may be incorporated under chapter 317A with all the powers of a corporation formed under that chapter, …

79.35 DUTIES; RESPONSIBILITIES; POWERS. The reinsurance association shall do the following on behalf of its members: (1) assume 100 percent of the liability as provided in section 79.34; (2) establish procedures by which members shall promptly report to the reinsurance associatio…

79.36 ADDITIONAL POWERS. In addition to the powers granted in section 79.35, the reinsurance association may do the following: (1) sue and be sued. A judgment against the reinsurance association shall not create any direct liability against the individual members of the reinsuran…

79.361 POST-1992 DISTRIBUTION OF WORKERS' COMPENSATION REINSURANCE ASSOCIATION SURPLUS. § Subdivision 1.Scope. This section governs the distribution of excess surplus of the Workers' Compensation Reinsurance Association declared after January 1, 1993. A distribution of excess sur…

79.362 WORKERS' COMPENSATION REINSURANCE ASSOCIATION EXCESS SURPLUS DISTRIBUTION. An order of the commissioner of the Department of Labor and Industry relating to the distribution of excess surplus of the Workers' Compensation Reinsurance Association shall be reviewed by the comm…

79.363 DISTRIBUTION OF EXCESS SURPLUS. The distribution of excess surplus of the Workers' Compensation Reinsurance Association is not a distribution of excess premiums to members. Any excess surplus not refunded according to Laws 1993, chapter 361, section 2, must be returned to …

79.37 BOARD OF DIRECTORS. A board of directors of the reinsurance association is created and is responsible for the operation of the reinsurance association consistent with the plan of operation and sections 79.34 to 79.40. The board consists of 13 directors. Four directors shall…

79.38 PLAN OF OPERATION. § Subdivision 1.Provisions. The plan of operation shall provide for all of the following: (a) the establishment of necessary facilities; (b) the management and operation of the reinsurance association; (c) a preliminary premium, payable by each member in …

79.39 APPLICABILITY OF CHAPTER 79. § Subdivision 1.Examination by commissioner. The reinsurance association is subject to all the provisions of this chapter. The commissioner of labor and industry or an authorized representative of the commissioner may visit the reinsurance assoc…

79.40 PREMIUM INCLUSION IN RATEMAKING. Premiums charged members by the reinsurance association shall be recognized in the ratemaking procedures for insurance rates. History: Ex1979 c 3 s 23; 2005 c 132 s 25

79.50 PURPOSES. The purposes of this chapter are to: (a) promote public welfare by regulating insurance rates so that premiums are not excessive, inadequate, or unfairly discriminatory; (b) promote quality and integrity in the databases used in workers' compensation insurance rat…

79.51 RULES. § Subdivision 1.Adoption. The commissioner shall adopt rules to implement provisions of this chapter. § Subd. 2. [Repealed, 1983 c 290 s 173] § Subd. 3.Rules; subject matter. (a) The commissioner in issuing rules shall consider: (1) data reporting requirements, inclu…

79.52 DEFINITIONS. § Subdivision 1.Generally. The following words or phrases shall have the meanings ascribed to them for the purposes of this chapter, unless the context clearly indicates that a different meaning is intended. § Subd. 2.Market. "Market" means any reasonable group…

79.53 PREMIUM CALCULATION. § Subdivision 1.Method of calculation. Each insurer shall establish premiums to be paid by an employer according to its filed rates and rating plan as follows: Rates shall be applied to an exposure base to yield a base premium which may be further modif…

79.531 NEGLIGENTLY PAID CLAIMS. An insurer who has negligently paid benefits under chapter 176 may not charge the payment to the employer's experience rating. History: 1986 c 461 s 1

79.55 STANDARDS FOR RATES. § Subdivision 1.General standards. Premiums shall not be excessive, inadequate, or unfairly discriminatory. § Subd. 2.Excessiveness. Rates and rating plans are excessive if the expected underwriting profit, together with expected income from invested re…

79.56 FILING RATES AND RATING INFORMATION. § Subdivision 1.Prefiling of rates. (a) Each insurer shall file with the commissioner a complete copy of its rates and rating plan, and all changes and amendments thereto, and such supporting data and information that the commissioner ma…

79.561 DISAPPROVAL OF RATES OR RATING PLANS. § Subdivision 1.Disapproval; time period. The commissioner may disapprove a rate and rating plan or amendment thereto prior to its effective date, as provided under section 79.56, subdivision 1, if the commissioner determines that it i…

79.59 INSURERS AND DATA SERVICE ORGANIZATIONS; PROHIBITED ACTIVITIES. § Subdivision 1.Monopolization. No insurer or data service organization shall attempt to monopolize or combine or conspire with any other person to monopolize the business of insurance. § Subd. 2.Agreement proh…

79.60 INSURERS; REQUIRED AND PERMITTED ACTIVITY. § Subdivision 1.Required activity. Each insurer shall perform the following activities: (1) maintain membership in and report loss experience data to a licensed data service organization in accordance with the statistical plan and …

79.61 DATA SERVICE ORGANIZATIONS; REQUIRED AND PERMITTED ACTIVITY. § Subdivision 1.Required activity. (a) Any data service organization shall perform the following activities: (1) file statistical plans, including classification definitions, amendments to the plans, and definitio…

79.62 DATA SERVICE ORGANIZATIONS; LICENSING, EXAMINATION. § Subdivision 1.License required. No data service organization shall provide any service and no insurer shall use the services of a data service organization unless the organization is licensed by the commissioner. § Subd.…