US Laws, Codes, Statutes & Cases

     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 a hearing that 
 the protection of the interests of its insureds and the public 
 in this state requires closer supervision of its rates because 
 of the insurer's financial condition or rating practices.  The 
 commissioner may extend the waiting period for any filing for 
 not to exceed 15 additional days by written notice to the 
 insurer before the 30 day period expires.  A filing not 
 disapproved before the expiration of the waiting period shall be 
 deemed to meet the requirements of this chapter, subject to the 
 possibility of subsequent disapproval under section 70A.11.  

    HIST: 1969 c 958 s 12; 1986 c 444 

Copyright 2005 by the Office of Revisor of Statutes, State of Minnesota.