Minnesota Statutes 62I.07 – Membership Assessments
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Subdivision 1. Assessment.
Each member of the association shall participate in its losses and expenses in the proportion that the direct written premiums of the member on the kinds of insurance in that account bears to the total aggregate direct written premiums written in this state by all members on the kinds of insurance in that account. The members’ participation in the association shall be determined annually on the direct written premiums written during the preceding calendar year as reported on the Statutory Annual Statements as filed by the member with the NAIC.
Subd. 2.
Terms Used In Minnesota Statutes 62I.07
- Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
- state: extends to and includes the District of Columbia and the several territories. See Minnesota Statutes 645.44
Terms Used In Minnesota Statutes 62I.07
- Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
- state: extends to and includes the District of Columbia and the several territories. See Minnesota Statutes 645.44
[Repealed by amendment, 2017 c 34 s 5]
Subd. 3.
[Repealed by amendment, 2017 c 34 s 5]