Minnesota § 60C.18 RECOGNITION OF ASSESSMENTS IN RATES

Minnesota Statutes

§ 60C.18 — RECOGNITION OF ASSESSMENTS IN RATES

Minnesota § 60C.18

PartINSURANCE

Ch. 60CINSURANCE GUARANTY ASSOCIATION

This text of Minnesota § 60C.18 (RECOGNITION OF ASSESSMENTS IN RATES) is published on Counsel Stack Legal Research, covering Minnesota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Minn. Stat. § 60C.18 (2026).

Text

Subdivision 1.Recognition required. The rates and premiums charged for insurance policies and fidelity and surety bonds to which this chapter applies may include amounts sufficient to recoup a sum equal to the amounts paid to the association by the member insurer less any amounts returned to the member insurer by the association. The rates shall not be deemed excessive because they contain an amount reasonably calculated to recoup assessments paid by the member insurer. Subd.

2.[Repealed,2003 c 74 s 11]

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Subdivision 1.Recognition required.
The rates and premiums charged for insurance policies and fidelity and surety bonds to which this chapter applies may include amounts sufficient to recoup a sum equal to the amounts paid to the association by the member insurer less any amounts returned to the member insurer by the association. The rates shall not be deemed excessive because they contain an amount reasonably calculated to recoup assessments paid by the member insurer.

Subd. 2.
[Repealed,2003 c 74 s 11]