US Laws, Codes, Statutes & Cases

     79.60 Insurers; required and permitted activity. 

    Subdivision 1.    Required activity.  Each insurer shall 
 perform the following activities:  

    (a) maintain membership in and report loss experience data 
 to a licensed data service organization in accordance with the 
 statistical plan and rules of the organization as approved by 
 the commissioner; 

    (b) establish a plan for merit rating which shall be 
 consistently applied to all insureds, provided that members of a 
 data service organization may use merit rating plans developed 
 by that data service organization; 

    (c) provide an annual report to the commissioner containing 
 the information and prepared in the form required by the 
 commissioner; 

    (d) keep a record of the premiums and losses paid under 
 each workers' compensation policy written in Minnesota in the 
 form required by the commissioner; 

    (e) provide to the association, upon request, information 
 about its insurance premiums, losses, and operations which the 
 association shall request in order to prepare and file with the 
 commissioner and the Rate Oversight Commission the filings 
 required by this chapter; and 

    (f) pay to the association its equitable share of the costs 
 of preparing the filing with the commissioner and the Rate 
 Oversight Commission required by this chapter. 

    Subd. 2.    Permitted activity.  In addition to any 
 other activities not prohibited by this chapter, insurers may:  

    (a) through licensed data service organizations, 
 individually, or with insurers commonly owned, managed, or 
 controlled, conduct research and collect statistics to 
 investigate, identify, and classify information relating to 
 causes or prevention of losses; 

    (b) develop and use classification plans and rates based 
 upon any reasonable factors; and 

    (c) develop rules for the assignment of risks to 
 classifications.  

    HIST: 1981 c 346 s 31; 1995 c 231 art 2 s 16 

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