The commissioner may by order require that a particular insurer shall file any or all of its rates and supplementary rate information 30 days prior to their effective date, if and to the extent that the commissioner finds after a hearing that the protection of the interests of its insureds and the public in this state requires closer supervision of its rates because of the insurer's financial condition or rating practices. The commissioner may extend the waiting period for any filing for not to exceed 15 additional days by written notice to the insurer before the 30-day period expires. A filing not disapproved before the expiration of the waiting period shall be deemed to meet the requirements of this chapter, subject to the possibility of subsequent disapproval under section 70A.11.
1969 c 958 s 12; 1986 c 444
Structure Minnesota Statutes
Chapters 59A - 79A — Insurance
Chapter 70A — Insurance Rate Regulation
Section 70A.01 — Interpretation Guide.
Section 70A.02 — Scope Of Application.
Section 70A.04 — Rate Standards.
Section 70A.05 — Rating Methods.
Section 70A.06 — Filing Requirements.
Section 70A.08 — Rate Making And Rate Filing Authority.
Section 70A.09 — Assigned Risks.
Section 70A.10 — Delayed Effect Of Rates.
Section 70A.11 — Disapproval Of Rates.
Section 70A.12 — Special Restrictions On Individual Insurers.
Section 70A.13 — Operation And Control Of Rate Service Organizations.
Section 70A.15 — Binding Agreements By Insurers.
Section 70A.16 — Joint Underwriting Or Joint Reinsurance.
Section 70A.17 — Recording And Reporting Of Experience.
Section 70A.18 — Examinations.
Section 70A.19 — Information To Be Furnished Insureds; Hearing And Appeals Of Insureds.
Section 70A.20 — False Or Misleading Information.