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. [Repealed by amendment, 2017 c 34 s 5]
Subd. 3. [Repealed by amendment, 2017 c 34 s 5]
1986 c 455 s 26; 1994 c 485 s 47; 1996 c 446 art 1 s 48; 1999 c 177 s 51; 2001 c 215 s 20; 2017 c 34 s 5
Structure Minnesota Statutes
Chapters 59A - 79A — Insurance
Chapter 62I — Joint Underwriting Association
Section 62I.02 — Minnesota Joint Underwriting Association.
Section 62I.04 — Policy Issuance.
Section 62I.05 — Plan Of Operation.
Section 62I.06 — Policy Forms; Premium Rate.
Section 62I.07 — Membership Assessments.
Section 62I.08 — Application Procedure.
Section 62I.121 — Benefits For Employees.
Section 62I.13 — Action By The Minnesota Joint Underwriting Association Upon The Application.
Section 62I.15 — Extension Of Coverage.
Section 62I.16 — Stabilization Reserve Fund.
Section 62I.17 — Immunity From Liability.
Section 62I.18 — Right Of Appeal.
Section 62I.19 — Annual Statements.
Section 62I.21 — Activation Of Joint Underwriting Association.