Minnesota § 70A.16 JOINT UNDERWRITING OR JOINT REINSURANCE

Minnesota Statutes

§ 70A.16 — JOINT UNDERWRITING OR JOINT REINSURANCE

Minnesota § 70A.16

PartINSURANCE

Ch. 70AINSURANCE RATE REGULATION

This text of Minnesota § 70A.16 (JOINT UNDERWRITING OR JOINT REINSURANCE) 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. § 70A.16 (2026).

Text

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, association, or other organization of insurers which engages in joint reinsurance, shall be subject to the provisions of sections70A.18and70A.20to70A.22.

Subd. 3.Unfair or unreasonable practice.
If, after a hearing, the commissioner finds that any activity or practice of any group, association or other organization referred to in subdivision 1 or 2 is unfair, unreasonable, or otherwise inconsistent with the provisions of this chapter, the commissioner shall issue a written order specifying in what respects that activity or practice is unfair, unreasonable or otherw

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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, association, or other organization of insurers which engages in joint reinsurance, shall be subject to the provisions of sections70A.18and70A.20to70A.22.

Subd. 3.Unfair or unreasonable practice.
If, after a hearing, the commissioner finds that any activity or practice of any group, association or other organization referred to in subdivision 1 or 2 is unfair, unreasonable, or otherwise inconsistent with the provisions of this chapter, the commissioner shall issue a written order specifying in what respects that activity or practice is unfair, unreasonable or otherwise inconsistent with the provisions of this chapter, and requiring the discontinuance of the activity or practice.