Subdivision 1. Recognition required. The rates and premiums charged for insurance policies and fidelity and surety bonds to which this chapter applies may include amounts sufficient to recoup a sum equal to the amounts paid to the association by the member insurer less any amounts returned to the member insurer by the association. The rates shall not be deemed excessive because they contain an amount reasonably calculated to recoup assessments paid by the member insurer.
Subd. 2. [Repealed, 2003 c 74 s 11]
1971 c 145 s 18; 1976 c 185 s 8; 1988 c 541 s 11; 2003 c 74 s 9
Structure Minnesota Statutes
Chapters 59A - 79A — Insurance
Chapter 60C — Insurance Guaranty Association
Section 60C.02 — Scope, Purposes, And Construction.
Section 60C.05 — Powers And Duties.
Section 60C.07 — Plan Of Operation.
Section 60C.08 — Board Of Directors.
Section 60C.09 — Covered Claims.
Section 60C.10 — Evaluation Of Claims.
Section 60C.11 — Effect Of Paid Claims.
Section 60C.12 — Appeal And Review.
Section 60C.13 — Exhaustion Of Other Coverage.
Section 60C.14 — Duties And Powers Of Commissioner.
Section 60C.15 — Prevention Of Insolvencies.
Section 60C.16 — Examination Of Association.
Section 60C.17 — Tax Exemption.
Section 60C.18 — Recognition Of Assessments In Rates.
Section 60C.195 — Stay Of Proceedings.
Section 60C.20 — Unfair Trade Practices.
Section 60C.21 — Insolvency; Notice Of Guaranty Fund Protection.