US Laws, Codes, Statutes & Cases

     79.074 Discrimination. 

    Subdivision 1. Repealed, 1981 c 346 s 145; 1983 c 290 s 
 15 

    Subd. 2.    Dividends.  Dividend plans are not unfairly 
 discriminatory where different premiums result for different 
 policyholders with similar loss exposures but different expense 
 factors, or where different premiums result for different 
 policyholders with similar expense factors but different loss 
 exposures, so long as the respective premiums reflect the 
 differences with reasonable accuracy.  Every insurer who issues 
 participating policies shall file with the commissioner a true 
 copy or summary as the commissioner shall direct of its 
 participating dividend rates as to policyholders.  The 
 commissioner may study the participating dividend rates and make 
 recommendations to the legislature concerning possible bases for 
 unfair discrimination.  

    HIST: Ex1979 c 3 s 5; 1995 c 231 art 2 s 3 

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