2005 Minnesota Statutes - 70A.16 — Joint underwriting or joint reinsurance.

     70A.16 Joint underwriting or joint reinsurance.  


    Subdivision 1.    Joint underwriting.  Every group, 
 association, or other organization of insurers which engages in 
 joint underwriting shall be subject to all the provisions of 
 this chapter.  


    Subd. 2.    Joint reinsurance.  Every group, 
 association, or other organization of insurers which engages in 
 joint reinsurance, shall be subject to the provisions of 
 sections 70A.18 and 70A.20 to 70A.22.  


    Subd. 3.    Unfair or unreasonable practice.  If, after 
 a hearing, the commissioner finds that any activity or practice 
 of any group, association or other organization referred to in 
 subdivision 1 or 2 is unfair, unreasonable, or otherwise 
 inconsistent with the provisions of this chapter, the 
 commissioner shall issue a written order specifying in what 
 respects that activity or practice is unfair, unreasonable or 
 otherwise inconsistent with the provisions of this chapter, and 
 requiring the discontinuance of the activity or practice.  


    HIST: 1969 c 958 s 16; 1986 c 444