Minnesota § 62I.07 MEMBERSHIP ASSESSMENTS

Minnesota Statutes

§ 62I.07 — MEMBERSHIP ASSESSMENTS

Minnesota § 62I.07

PartINSURANCE

Ch. 62IJOINT UNDERWRITING ASSOCIATION

This text of Minnesota § 62I.07 (MEMBERSHIP ASSESSMENTS) 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. § 62I.07 (2026).

Text

Subdivision 1.Assessment. Each member of the association shall participate in its losses and expenses in the proportion that the direct written premiums of the member on the kinds of insurance in that account bears to the total aggregate direct written premiums written in this state by all members on the kinds of insurance in that account. The members' participation in the association shall be determined annually on the direct written premiums written during the preceding calendar year as reported on the Statutory Annual Statements as filed by the member with the NAIC. Subd.

2.[Repealed by amendment,2017 c 34 s 5] Subd.

3.[Repealed by amendment,2017 c 34 s 5]

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Subdivision 1.Assessment.
Each member of the association shall participate in its losses and expenses in the proportion that the direct written premiums of the member on the kinds of insurance in that account bears to the total aggregate direct written premiums written in this state by all members on the kinds of insurance in that account. The members' participation in the association shall be determined annually on the direct written premiums written during the preceding calendar year as reported on the Statutory Annual Statements as filed by the member with the NAIC.

Subd. 2.
[Repealed by amendment,2017 c 34 s 5]

Subd. 3.
[Repealed by amendment,2017 c 34 s 5]