US Laws, Codes, Statutes & Cases

     79.50 Purposes. 

    The purposes of this chapter are to:  

    (a) promote public welfare by regulating insurance rates so 
 that premiums are not excessive, inadequate, or unfairly 
 discriminatory; 

    (b) promote quality and integrity in the databases used in 
 workers' compensation insurance ratemaking; 

    (c) prohibit price fixing agreements and anticompetitive 
 behavior by insurers; 

    (d) define the function and scope of activities of data 
 service organizations; and 

    (e) encourage insurers to provide alternative innovative 
 methods whereby employers can meet the requirements imposed by 
 section 176.181.  

    HIST: 1981 c 346 s 21; 1995 c 231 art 1 s 1 

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