US Laws, Codes, Statutes & Cases

     79.53 Premium calculation. 

    Subdivision 1.    Method of calculation.  Each insurer 
 shall establish premiums to be paid by an employer according to 
 its filed rates and rating plan as follows: 

    Rates shall be applied to an exposure base to yield a base 
 premium which may be further modified by merit rating, premium 
 discounts, and other appropriate factors contained in the rating 
 plan of an insurer to produce premium if the increase or 
 decrease is not unfairly discriminatory.  Nothing in this 
 chapter shall be deemed to prohibit the use of any premium, 
 provided the premium is not excessive, inadequate or unfairly 
 discriminatory. 

    Subd. 2. Repealed, 1995 c 231 art 1 s 36; art 2 s 110 

    HIST: 1981 c 346 s 24; 1983 c 289 s 114 subd 1; 1983 c 290 s 
 14; 1984 c 655 art 1 s 92; 1995 c 231 art 1 s 4; 1996 c 374 s 1 

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