Title Minnesota Statutes, Minnesota Statutes

67A.241 RECORD KEEPING; EXAMINATION; REMEDIES. § Subdivision 1.Record keeping. The commissioner may prescribe a basis upon which a township mutual insurance company shall maintain its records which shall reflect the true financial condition of the company. § Subd. 2.External exam…

67A.25 REFERENCE TO LAWS 1909, CHAPTER 411. § Subdivision 1.What companies may come under Laws 1909, chapter 411. Any township mutual fire insurance company heretofore organized may exercise, after the passage of Laws 1909, chapter 411, all of the rights conferred thereby that ar…

67A.26 PENALTIES. § Subdivision 1.Fraudulent statements. Any person, officer, or member who shall knowingly or willfully make any false or fraudulent statement or representation in reference to any application for membership under sections 67A.01 to 67A.26, or any false or fraudu…

67A.40 ORGANIZATION AND POWERS. § Subdivision 1.Organization and purpose. Not less than six duly licensed township mutual fire insurance companies may organize a mutual association for the purpose of reinsuring any part or all of any risk or risks, written by any of the member co…

67A.41 PREMIUMS AND ASSESSMENTS. Member companies of any such association shall each year pay to the treasurer thereof such assessments as shall be fixed or authorized by the board of directors of the association, which assessments shall be based upon the amount of insurance of e…

67A.42 WITHDRAWAL BY MEMBERS. Any member of the association may withdraw from membership upon giving 90 days' notice of its intention so to do when the withdrawal has been authorized by a majority vote of its members present and voting at a regular meeting or a special meeting ca…

67A.43 COMMISSIONER'S POWERS AND DUTIES. § Subdivision 1.To have supervision. The certificate of incorporation and bylaws, forms of contracts and policies adopted or issued by every such association, and the general conduct of its affairs shall be subject to the general supervisi…

67A.44 COMMISSIONER DEFINED. As used in all parts of this chapter the word "commissioner" shall mean the commissioner of commerce of the state of Minnesota and, in the commissioner's absence or disability, a deputy or other person duly designated to act for the commissioner. Hist…

68A.01 REAL ESTATE TITLE INSURANCE COMPANIES. § Subdivision 1. [Repealed, 1969 c 7 s 30] § Subd. 2.Guaranty fund and investment thereof. Before issuing any policy or other contract of guaranty or insurance, every real estate title insurer shall set apart and keep separate a guara…

68A.02 HISTORIC STATUTORY PREMIUM RESERVE. § Subdivision 1.1964-2001 premium reserve. Upon issuance of each contract of title insurance issued on or after January 1, 1964, through January 1, 2001, by a domestic real estate title insurer, there shall be reserved initially a sum eq…

68A.03 RESERVES. § Subdivision 1.Requirements. After January 1, 2001, the financial condition of an insurer doing business under this chapter must be determined by applying the general provisions of the insurance code requiring the establishment of reserves sufficient to cover al…

68A.04 DEFINITIONS. § Subdivision 1.Direct risk premiums. For purposes of this chapter, "direct risk premiums" means the charge for title insurance made by a title insurer or its agents according to the insurer's rate filing approved by the commissioner of commerce without a dedu…

424A.091 FIREFIGHTERS RELIEF ASSOCIATION FINANCING GUIDELINES ACT; APPLICATION. § Subdivision 1.Covered relief associations. The applicable provisions of sections 424A.091 to 424A.096 govern any firefighters relief association defined in section 424A.001, subdivision 4, and do no…

424A.092 RELIEF ASSOCIATIONS PAYING LUMP-SUM SERVICE PENSIONS. § Subdivision 1.Application. This section shall apply to any firefighters relief association specified in section 424A.091, subdivision 1, which pays a lump-sum service pension, but which does not pay a monthly servic…

424A.093 RELIEF ASSOCIATIONS PAYING MONTHLY SERVICE PENSIONS. § Subdivision 1.Application. (a) This section applies to any firefighters relief association specified in section 424A.091, subdivision 1, which pays or allows for an option of a monthly service pension to a retiring f…

424A.094 NONPROFIT FIREFIGHTING CORPORATIONS. § Subdivision 1.Authorized inclusion in fire state aid program; covered nonprofit corporations. (a) This section applies to any independent nonprofit firefighting corporation incorporated or organized under chapter 317A that: (1) oper…

424A.095 INVESTMENTS. § Subdivision 1.Authorized investments. (a) The special fund assets of a relief association governed by sections 424A.091 to 424A.096 must be invested in securities that are authorized investments under section 356A.06, subdivision 6 or 7, whichever applies.…

424A.096 CITATION; APPLICATION OF OTHER LAWS. § Subdivision 1.Citation. Sections 424A.091 to 424A.096 may be cited as the "Firefighters Relief Association Guidelines Act of 1971." § Subd. 2.Applicability. Notwithstanding any other law to the contrary, no relief association descri…

69.57 [Unnecessary] 69.57 [Repealed, 2000 c 394 art 2 s 28]

69.77 MS 2012 [CITY OF BLOOMINGTON; LOCAL.] [2013 c 111 art 5 s 80]

70A.01 INTERPRETATION GUIDE. § Subdivision 1.Liberal construction. This chapter shall be liberally construed to achieve the purposes stated in subdivision 2, which shall constitute an aid and guide to interpretation but not an independent source of power. § Subd. 2.Purposes. The …

70A.02 SCOPE OF APPLICATION. § Subdivision 1.Forms of insurance to which applicable. This chapter applies to casualty insurance, to fidelity, surety and guaranty bonds, to fire and allied lines of insurance and to inland marine insurance, on risks or operations in this state. § S…

70A.03 DEFINITIONS. For the purposes of this chapter, unless a different meaning is manifest from the context: (1) "Casualty insurance," except as excluded by subdivision 2 of section 70A.02, means any of the kinds of insurance enumerated in section 60A.06, subdivision 1, clauses…

70A.04 RATE STANDARDS. § Subdivision 1.Prohibitions. Rates shall not be excessive, inadequate or unfairly discriminatory, nor shall an insurer use rates to engage in unfair price competition. § Subd. 2.Excessiveness; market test. (a) Rates are presumed not to be excessive if a re…

70A.05 RATING METHODS. The compliance of rates with the standards of section 70A.04 shall be determined by considering the following matters: (1) Factors in rates. Due consideration shall be given to past and prospective loss and expense experience within and outside this state, …

70A.06 FILING REQUIREMENTS. § Subdivision 1.Generally. Every licensed insurer and every rate service organization licensed under section 70A.14 shall file with the commissioner all rates and all changes and amendments of rates made by it for use in this state not later than their…

70A.08 RATE MAKING AND RATE FILING AUTHORITY. § Subdivision 1.Delegated rate making permitted. An insurer may itself establish rates and supplementary rate information for any or all kinds or lines of insurance or subdivisions thereof or classes of risks or combinations thereof, …

70A.09 ASSIGNED RISKS. Agreements may be made among insurers with respect to the equitable apportionment among them of insurance which may be afforded applicants who are in good faith entitled to but who are unable to procure such insurance through ordinary methods and those insu…

70A.10 DELAYED EFFECT OF RATES. § Subdivision 1.Order instituting delayed effect. If the commissioner finds, after a hearing, that competition is not an effective regulator of the rates charged or that a substantial number of companies are competing irresponsibly through the rate…

70A.11 DISAPPROVAL OF RATES. § Subdivision 1.Order after hearing. If the commissioner finds after a contested case proceeding under chapter 14 that a rate is not in compliance with section 70A.04, the commissioner shall order that its use is to be discontinued and shall order the…

70A.12 SPECIAL RESTRICTIONS ON INDIVIDUAL INSURERS. The commissioner may by order require that a particular insurer shall file any or all of its rates and supplementary rate information 30 days prior to their effective date, if and to the extent that the commissioner finds after …

70A.13 OPERATION AND CONTROL OF RATE SERVICE ORGANIZATIONS. § Subdivision 1.License required. No rate service organization shall provide any service relating to the rates of any insurance subject to this chapter, and no insurer shall employ the services of such organization for s…

70A.14 LICENSING. § Subdivision 1.Application. A rate service organization applying for a license as required by section 70A.13, subdivision 1, shall include with its application: (1) a copy of its constitution, charter, articles of organization, agreement, association or incorpo…

70A.15 BINDING AGREEMENTS BY INSURERS. No insurer shall assume any obligation to any person other than a policyholder or other companies under common control to use or adhere to certain rates or rules, and no other person shall impose any penalty or other adverse consequence for …

70A.16 JOINT UNDERWRITING OR JOINT REINSURANCE. § Subdivision 1.Joint underwriting. Every group, association, or other organization of insurers which engages in joint underwriting shall be subject to all the provisions of this chapter. § Subd. 2.Joint reinsurance. Every group, as…

70A.17 RECORDING AND REPORTING OF EXPERIENCE. § Subdivision 1.Rules and statistical plans. The commissioner shall promulgate and may modify reasonable rules and statistical plans, reasonably adapted to each of the rating systems used, and which shall thereafter be used by each in…

70A.18 EXAMINATIONS. Whenever the commissioner deems it necessary in order to become informed about any matter related to the enforcement of this chapter the commissioner may examine or cause to be examined any rate service organization subject to section 70A.13, subdivision 1, a…

70A.19 INFORMATION TO BE FURNISHED INSUREDS; HEARING AND APPEALS OF INSUREDS. Every rate service organization and every insurer which makes its own rates shall, within a reasonable time after receiving written request therefor, furnish to any insured affected by a rate made by it…

70A.20 FALSE OR MISLEADING INFORMATION. No person or organization shall willfully withhold information from, or knowingly give false or misleading information to the commissioner, any statistical agency designated by the commissioner, any rate service organization, or any insurer…

70A.21 PENALTIES. § Subdivision 1.Violation; willful violation. The commissioner may, if the commissioner finds that any person or organization has violated any provisions of this chapter, impose a penalty of not more than $50 for each violation, and if the commissioner finds suc…

70A.22 HEARINGS, PROCEDURE, AND JUDICIAL REVIEW. § Subdivision 1.Request for hearing; hearing; order thereon. Any insurer or rate service organization aggrieved by any order or decision of the commissioner made without a hearing, may, within 30 days after notice of the order to i…

70A.23 TRANSITION PROVISIONS. On September 1, 1969, all rates on file with the commissioner and not disapproved may be used without further delay, subject to the provisions of this chapter. History: 1969 c 958 s 23; 1986 c 444

79.01 DEFINITIONS. § Subdivision 1.Terms. Unless the language or context clearly indicates that a different meaning is intended, the following terms, for the purposes of sections 79.01 to 79.211, shall have the meanings ascribed to them. § Subd. 1a.Assigned risk plan. "Assigned r…

79.10 REVIEW OF ACTS OF INSURERS. The Department of Commerce staff may investigate on the request of any person or on its own initiative the acts of the rating association, an insurer, or an agent that are subject to provisions of chapter 79 and may make findings and recommendati…

71A.01 POWERS. § Subdivision 1.Contracts; excepted risks. Individuals, partnerships, business trusts, and corporations, public or private, of this state, hereby designated subscribers, are hereby authorized to exchange reciprocal or interinsurance contracts with each other, or wi…

71A.02 REQUIREMENTS; LIMITATIONS. § Subdivision 1.Certificate of authority. Each attorney by or through whom are issued any policies of or contracts for indemnity of the character referred to in this chapter shall procure from the commissioner annually a certificate of authority …