reglab/housing_qa huggingface dataset:
MN Stat § 60E.05 (2021)
2021 Minnesota Statutes|Chapters 59A - 79A — Insurance|Chapter 60E — Risk Retention Groups|Section 60E.05 — Compulsory Associations.

60E.05 COMPULSORY ASSOCIATIONS. No risk retention group shall be required or permitted to join or contribute financially to an insurance insolvency guaranty fund, or similar mechanism, in this state, nor shall any risk retention group, or its insureds, or claimants against its insureds receive a benefit from the fund for claims arising out of the operations of the risk retention group. When a purchasing group obtains insurance covering its members' risks from an insurer not authorized in this state or a risk retention group, no such risks, wherever resident or located, shall be covered by any insurance guaranty fund or similar mechanism in this state. When a purchasing group obtains insurance covering its members' risks from an authorized insurer, only risks resident or located in this state shall be covered by the Minnesota Guaranty Association under chapter 60C. Notwithstanding chapter 62I, the commissioner may require or exempt a risk retention group from participation in any mechanism established or authorized under the law of this state for the equitable apportionment among insurers of liability insurance losses and expenses incurred on policies written through this mechanism, and the risk retention group shall submit sufficient information to the commissioner to enable the commissioner to apportion on a nondiscriminatory basis the risk retention group's proportionate share of these losses and expenses. History:  1987 c 192 s 5; 1993 c 299 s 23
MN Stat § 60E.06 (2021)
2021 Minnesota Statutes|Chapters 59A - 79A — Insurance|Chapter 60E — Risk Retention Groups|Section 60E.06 — Countersignatures Not Required.

60E.06 COUNTERSIGNATURES NOT REQUIRED. A policy of insurance issued to a risk retention group or a member of that group shall not be required to be countersigned as otherwise provided in chapters 60A to 72A. History:   1987 c 192 s 6
MN Stat § 60E.07 (2021)
2021 Minnesota Statutes|Chapters 59A - 79A — Insurance|Chapter 60E — Risk Retention Groups|Section 60E.07 — Purchasing Groups; Exemption From Certain Laws Relating To The Group Purchase Of Insurance.

60E.07 PURCHASING GROUPS; EXEMPTION FROM CERTAIN LAWS RELATING TO THE GROUP PURCHASE OF INSURANCE. A purchasing group and its insurer or insurers are subject to all applicable laws of this state, except that a purchasing group and its insurer or insurers are exempt, in regard to liability insurance for the purchasing group, from any law that would: (1) prohibit the establishment of a purchasing group; (2) make it unlawful for an insurer to provide or offer to provide insurance on a basis providing, to a purchasing group or its members, advantages based on their loss and expense experience not afforded to other persons with respect to rates, policy forms, coverages, or other matters; (3) prohibit a purchasing group or its members from purchasing insurance on a group basis described in clause (2); (4) prohibit a purchasing group from obtaining insurance on a group basis because the group has not been in existence for a minimum period of time or because any member has not belonged to the group for a minimum period of time; (5) require that a purchasing group must have a minimum number of members, common ownership or affiliation, or certain legal form; (6) require that a certain percentage of a purchasing group must obtain insurance on a group basis; (7) otherwise discriminate against a purchasing group or any of its members; or (8) require that any insurance policy issued to a purchasing group or any of its members be countersigned by an insurance agent or broker residing in this state. History:  1987 c 192 s 7; 1993 c 299 s 24
MN Stat § 60E.08 (2021)
2021 Minnesota Statutes|Chapters 59A - 79A — Insurance|Chapter 60E — Risk Retention Groups|Section 60E.08 — Notice And Registration Requirements Of Purchasing Groups.

60E.08 NOTICE AND REGISTRATION REQUIREMENTS OF PURCHASING GROUPS. Subdivision 1. Notice to commissioner. A purchasing group that intends to do business in this state shall, prior to doing business, furnish notice to the commissioner on forms prescribed by the NAIC which shall: (1) identify the state in which the group is domiciled; (2) identify all other states in which the group intends to do business; (3) specify the lines and classifications of liability insurance which the purchasing group intends to purchase; (4) identify the insurance company or companies from which the group intends to purchase its insurance and the domicile of the company; (5) specify the method by which, and the person or persons, if any, through whom insurance will be offered to its members whose risks are resident or located in this state; (6) identify the principal place of business of the group; and (7) provide other information required by the commissioner to verify that the purchasing group is qualified under section 60E.02, subdivision 11. Subd. 2. Notice of change. A purchasing group shall, within ten days, notify the commissioner of any changes in any items set forth in subdivision 1. Subd. 3. Service of process. The purchasing group shall register with and designate the commissioner or other appropriate authority as its agent solely for the purpose of receiving service of legal documents or process for which a filing fee shall be determined by the commissioner. These requirements do not apply to a purchasing group that only purchases insurance that was authorized under the federal Product Liability Risk Retention Act of 1981, and that in any state of the United States: (1) was domiciled before April 2, 1986, and is domiciled on and after October 27, 1986, in any state of the United States; (2) before October 27, 1986, purchased insurance from an insurance carrier licensed in any state, and since October 27, 1986, purchased its insurance from an insurance carrier licensed in any state; and (3) was a purchasing group under the requirements of the federal Product Liability Retention Act of 1981 before October 27, 1986. Subd. 4. Additional information. Each purchasing group that is required to give notice pursuant to subdivision 1 shall also furnish information required by the commissioner to: (1) verify that the entity qualifies as a purchasing group; (2) determine where the purchasing group is located; and (3) determine appropriate tax treatment. History:  1987 c 192 s 8; 1993 c 299 s 25
MN Stat § 60E.09 (2021)
2021 Minnesota Statutes|Chapters 59A - 79A — Insurance|Chapter 60E — Risk Retention Groups|Section 60E.09 — Restrictions On Insurance Purchased By Purchasing Groups.

60E.09 RESTRICTIONS ON INSURANCE PURCHASED BY PURCHASING GROUPS. A purchasing group may not purchase insurance from a risk retention group that is not chartered in a state or from an insurer not admitted in the state in which the purchasing group is located, unless the purchase is effected through a licensed agent or broker acting pursuant to the surplus lines laws and regulations of the state. A purchasing group which obtains liability insurance from an insurer not admitted in this state or a risk retention group shall inform each of the members of the group which have a risk resident or located in this state that the risk is not protected by an insurance insolvency guaranty fund in this state, and that the risk retention group or insurer may not be subject to all insurance laws and regulations of this state. No purchasing group may purchase insurance providing for a deductible or self-insured retention applicable to the group as a whole, however, coverage may provide for a deductible or self-insured retention applicable to individual members. Purchases of insurance by purchasing groups are subject to the same standards regarding aggregate limits which are applicable to all purchases of group insurance. History:  1987 c 192 s 9; 1993 c 299 s 26
MN Stat § 60E.095 (2021)
2021 Minnesota Statutes|Chapters 59A - 79A — Insurance|Chapter 60E — Risk Retention Groups|Section 60E.095 — Purchasing Group Taxation.

60E.095 PURCHASING GROUP TAXATION. Premium taxes paid for coverage of risks resident or located in this state by a purchasing group or any members of the purchasing group must be paid to the commissioner of revenue as provided in chapter 297I. History:  1993 c 299 s 27; 2000 c 394 art 2 s 11
MN Stat § 60E.10 (2021)
2021 Minnesota Statutes|Chapters 59A - 79A — Insurance|Chapter 60E — Risk Retention Groups|Section 60E.10 — Administrative And Procedural Authority Regarding Risk Retention Groups And Purchasing Groups.

60E.10 ADMINISTRATIVE AND PROCEDURAL AUTHORITY REGARDING RISK RETENTION GROUPS AND PURCHASING GROUPS. The commissioner of commerce may use any of the powers established under the insurance laws of this state to enforce the laws of this state not specifically preempted by the Product Liability Risk Retention Act of 1981, as amended by the Risk Retention Amendments of 1986. This includes, but is not limited to, the commissioner's administrative authority to investigate, issue subpoenas, conduct depositions and hearings, issue orders, impose penalties, and seek injunctive relief. With regard to an investigation, administrative proceedings, or litigation, the commissioner can rely on the procedural laws of the state. The injunctive authority of the commissioner in regard to risk retention groups is restricted by the requirement that an injunction be issued by a court of competent jurisdiction. History:  1987 c 192 s 10; 1993 c 299 s 28
MN Stat § 60E.12 (2021)
2021 Minnesota Statutes|Chapters 59A - 79A — Insurance|Chapter 60E — Risk Retention Groups|Section 60E.12 — Duty On Agents Or Brokers To Obtain License.

60E.12 DUTY ON AGENTS OR BROKERS TO OBTAIN LICENSE. Subdivision 1. Risk retention groups. No person, firm, association, or corporation shall act or aid in any manner in soliciting, negotiating, or procuring liability insurance in this state from a risk retention group unless the person, firm, association, or corporation is licensed as an insurance agent or broker in accordance with chapter 60K. Subd. 2. Purchasing groups. (a) No person, firm, association, or corporation shall act or aid in any manner in soliciting, negotiating, or procuring liability insurance in this state for a purchasing group from an authorized insurer or a risk retention group chartered in a state unless the person, firm, association, or corporation is licensed as an insurance agent or broker in accordance with chapter 60K. (b) No person, firm, association, or corporation shall act or aid in any manner in soliciting, negotiating, or procuring liability insurance coverage in this state for any member of a purchasing group under a purchasing group's policy unless the person, firm, association, or corporation is licensed as an insurance agent or broker in accordance with chapter 60K. (c) No person, firm, association, or corporation shall act or aid in any manner in soliciting, negotiating, or procuring liability insurance from an insurer not authorized to do business in this state on behalf of a purchasing group located in this state unless the person, firm, association, or corporation is licensed as a surplus lines agent or excess line broker in accordance with sections 60A.195 to 60A.209. Subd. 3. Agent or broker residence requirement. For purposes of acting as an agent or broker for a risk retention group or purchasing group pursuant to subdivisions 1 and 2, the requirement of residence in this state does not apply. Subd. 4. Notice to insureds. Every person, firm, association, or corporation licensed pursuant to chapter 60A, on business placed with risk retention groups or written through a purchasing group, shall inform each prospective insured of the provisions of the notice required by section 60E.04, subdivision 8, in the case of a risk retention group and section 60E.09 in the case of a purchasing group. History:  1987 c 192 s 12; 1993 c 299 s 29
MN Stat § 60E.13 (2021)
2021 Minnesota Statutes|Chapters 59A - 79A — Insurance|Chapter 60E — Risk Retention Groups|Section 60E.13 — Binding Effect Of Orders Issued In United States District Court.

60E.13 BINDING EFFECT OF ORDERS ISSUED IN UNITED STATES DISTRICT COURT. An order issued by any district court of the United States enjoining a risk retention group from soliciting or selling insurance, or operating, in a state, or in all states or in a territory or possession of the United States, upon a finding that the group is in a hazardous financial condition or financially impaired condition shall be enforceable in the courts of the state. History:  1987 c 192 s 13; 1993 c 299 s 30
MN Stat § 60E.14 (2021)
2021 Minnesota Statutes|Chapters 59A - 79A — Insurance|Chapter 60E — Risk Retention Groups|Section 60E.14 — Rules.

60E.14 RULES. The commissioner may adopt rules relating to risk retention groups as may be necessary or desirable to carry out the provisions of sections 60E.01 to 60E.14. History:   1987 c 192 s 14
MN Stat § 60F.01 (2021)
2021 Minnesota Statutes|Chapters 59A - 79A — Insurance|Chapter 60F — Joint Self-insurance Plans|Section 60F.01 — Establishment.

60F.01 ESTABLISHMENT. Any three or more employers, excluding the state and its political subdivisions as described in section 471.617, subdivision 1, who are authorized to transact business in Minnesota may jointly self-insure for any property and/or casualty or automobile liability. Joint plans must meet all conditions and terms of this chapter. History:   1987 c 337 s 34
MN Stat § 60F.02 (2021)
2021 Minnesota Statutes|Chapters 59A - 79A — Insurance|Chapter 60F — Joint Self-insurance Plans|Section 60F.02 — Excess Stop-loss Coverage.

60F.02 EXCESS STOP-LOSS COVERAGE. A joint self-insurance plan must include aggregate excess stop-loss coverage and individual excess stop-loss coverage provided by an insurance company licensed by the state of Minnesota. Aggregate excess stop-loss coverage must include provisions to cover the excess claims of incurred, unpaid claim liability even in the event of plan termination. The joint plan must bear the risk of coverage for any member of the pool that becomes insolvent with outstanding contribution due by providing a surety bond from a Minnesota licensed surety in the amount of one year's contribution. In addition, the plan of self-insurance must have participants fund an amount at least equal to the point at which the excess or stop-loss insurer must assume 100 percent of the excess coverage limits of additional liability. A joint self-insurance plan must submit its proposed excess or stop-loss insurance contract to the commissioner of commerce at least 30 days prior to the proposed plan's effective date and at least 30 days subsequent to any renewal date. The commissioner shall review the contract to determine if it meets the standards established by this chapter and respond within a 30-day period. An excess or stop-loss insurance plan must be noncancelable for a minimum term of one year. History:   1987 c 337 s 35
MN Stat § 60F.03 (2021)
2021 Minnesota Statutes|Chapters 59A - 79A — Insurance|Chapter 60F — Joint Self-insurance Plans|Section 60F.03 — Limitation On Administrative Services.

60F.03 LIMITATION ON ADMINISTRATIVE SERVICES. No joint self-insurance plan may offer marketing, risk management, or administrative services unless these services are provided by vendors duly licensed by the commissioner to provide these services. No vendor of these services may be a trustee of a joint self-insurance plan for which they provide marketing, risk management, or administrative services. History:   1987 c 337 s 36
MN Stat § 60F.04 (2021)
2021 Minnesota Statutes|Chapters 59A - 79A — Insurance|Chapter 60F — Joint Self-insurance Plans|Section 60F.04 — Applicability Of Provisions.

60F.04 APPLICABILITY OF PROVISIONS. A joint self-insurance plan is subject to the requirements of the applicable parts of chapters 60A, 65A, 65B, 72B, and 72C, and section 72A.20, unless otherwise specifically exempt. A joint self-insurance plan must offer a plan which complies with all applicable rules and statutes. History:   1987 c 337 s 37
MN Stat § 60F.05 (2021)
2021 Minnesota Statutes|Chapters 59A - 79A — Insurance|Chapter 60F — Joint Self-insurance Plans|Section 60F.05 — Fund Management.

60F.05 FUND MANAGEMENT. Funds collected from the participants under joint self-insurance plans must be held in trust subject to the following requirements: (a) A board of trustees elected by the participants shall serve as fund managers on behalf of participants. Trustees must be plan participants. No participants may be represented by more than one trustee. A minimum of three and a maximum of seven trustees may be elected. Trustees shall receive no remuneration, but they may be reimbursed for actual and reasonable expenses incurred in connection with duties as trustees. (b) Trustees must be bonded in an amount not less than $100,000 nor more than $500,000 from a licensed bonding company. (c) Investment of plan funds is subject to the same restrictions as are applicable to political subdivisions pursuant to section 118A.04. All investments must be managed by a bank or other investment organization licensed to operate in Minnesota. (d) Trustees, on behalf of the fund, shall file annual reports with the commissioner of commerce within 30 days immediately following the end of each calendar year. The reports must summarize the financial condition of the fund, itemize collection from participants, and detail all fund expenditures. History:  1987 c 337 s 38; 1996 c 399 art 2 s 12
MN Stat § 60F.06 (2021)
2021 Minnesota Statutes|Chapters 59A - 79A — Insurance|Chapter 60F — Joint Self-insurance Plans|Section 60F.06 — Rules.

60F.06 RULES. The commissioner of commerce shall adopt rules to ensure the solvency and operation of all self-insured plans subject to this chapter. The commissioner may examine the joint self-insurance plans pursuant to sections 60A.03 and 60A.031. History:  1987 c 337 s 39; 1995 c 233 art 2 s 56
MN Stat § 60F.07 (2021)
2021 Minnesota Statutes|Chapters 59A - 79A — Insurance|Chapter 60F — Joint Self-insurance Plans|Section 60F.07 — Revenue Fee.

60F.07 REVENUE FEE. A joint self-insurance plan shall pay a two percent revenue fee. This revenue must be computed based on two percent of the paid claims level for the most recently completed calendar year. This revenue must be deposited in the general fund. History:   1987 c 337 s 40
MN Stat § 60F.08 (2021)
2021 Minnesota Statutes|Chapters 59A - 79A — Insurance|Chapter 60F — Joint Self-insurance Plans|Section 60F.08 — Applicability.

60F.08 APPLICABILITY. A joint self-insurance plan is not an insurer for purposes of chapter 60C. History:   1987 c 337 s 41
MN Stat § 60G.01 (2021)
2021 Minnesota Statutes|Chapters 59A - 79A — Insurance|Chapter 60G — Administrative Supervision|Section 60G.01 — Definitions.

60G.01 DEFINITIONS. Subdivision 1. Application. The definitions in this section apply to this chapter. Subd. 2. Commissioner. "Commissioner" means the commissioner of commerce, except that "commissioner" means the commissioner of health for administrative supervision of health maintenance organizations. Subd. 3. Consent. "Consent" means agreement to administrative supervision by the insurer. Subd. 4. Department. "Department" means the Department of Commerce, except that "department" means the Department of Health for administrative supervision of health maintenance organizations. Subd. 5. Insurer. "Insurer" means and includes every person engaged as indemnitor, surety, or contractor in the business of entering into contracts of insurance or of annuities as limited to: (1) any insurer who is doing an insurer business, or has transacted insurance in this state, and against whom claims arising from that transaction may exist now or in the future; (2) any fraternal benefit society which is subject to chapter 64B; (3) nonprofit health service plan corporations subject to chapter 62C; (4) cooperative life and casualty companies subject to sections 61A.39 to 61A.52; and (5) health maintenance organizations regulated under chapter 62D. History:  1991 c 325 art 2 s 1; 1992 c 464 art 1 s 9; 1995 c 234 art 1 s 3-5; 1997 c 225 art 2 s 62
MN Stat § 60G.03 (2021)
2021 Minnesota Statutes|Chapters 59A - 79A — Insurance|Chapter 60G — Administrative Supervision|Section 60G.03 — Confidentiality Of Certain Proceedings And Records.

60G.03 CONFIDENTIALITY OF CERTAIN PROCEEDINGS AND RECORDS. Subdivision 1. Confidentiality. Notwithstanding any other provision of law and except as provided in this section, proceedings, hearings, notices, correspondence, reports, records, and other information in the possession of the commissioner or the department relating to the supervision of any insurer are confidential. Subd. 2. Access. The personnel of the department shall have access to these proceedings, hearings, notices, correspondence, reports, records, or information as permitted by the commissioner. Subd. 3. Open hearings; disclosure. The commissioner may open the proceedings or hearings or disclose the notices, correspondence, reports, records, or information to a department, agency, or instrumentality of this or another state or the United States if the commissioner determines that the disclosure is necessary or proper for the enforcement of the laws of this or another state or the United States. Subd. 4. Public disclosure. The commissioner may open the proceedings or hearings or make public the notices, correspondence, reports, records, or other information if the commissioner determines that it is in the best interest of the public or in the best interest of the insurer, its insureds, creditors, or the general public. Subd. 5. Exemption. This section does not apply to hearings, notices, correspondence, reports, records, or other information obtained upon the appointment of a receiver for the insurer by a court of competent jurisdiction. History:   1991 c 325 art 2 s 3
MN Stat § 60G.04 (2021)
2021 Minnesota Statutes|Chapters 59A - 79A — Insurance|Chapter 60G — Administrative Supervision|Section 60G.04 — Prohibited Acts During Period Of Supervision.

60G.04 PROHIBITED ACTS DURING PERIOD OF SUPERVISION. During the period of supervision, the commissioner shall serve as the administrative supervisor. The commissioner may require that the insurer shall not do any of the following things during the period of supervision without the prior approval of the commissioner: (1) dispose of, convey, or encumber its assets or its business in force; (2) withdraw funds from its bank accounts; (3) lend its funds; (4) invest its funds; (5) transfer its property; (6) incur debt, obligation, or liability; (7) merge or consolidate with another company; (8) approve new premiums or renew policies; (9) enter into a new reinsurance contract or treaty; (10) terminate, surrender, forfeit, convert, or lapse an insurance policy, certificate, or contract, except for nonpayment of premiums due; (11) release, pay, or refund premium deposits, accrued cash or loan values, unearned premiums, or other reserves on an insurance policy, certificate, or contract; (12) make a material change in management; or (13) increase salaries and benefits of officers or directors or make preferential payment of bonuses, dividends, or other payments determined preferential by the commissioner. History:   1991 c 325 art 2 s 4
MN Stat § 60G.05 (2021)
2021 Minnesota Statutes|Chapters 59A - 79A — Insurance|Chapter 60G — Administrative Supervision|Section 60G.05 — Review And Stay Of Action.

60G.05 REVIEW AND STAY OF ACTION. During the period of supervision, the insurer may contest an action taken or proposed to be taken by the commissioner as provided under chapter 14. The insurer must show that the action being complained of is detrimental to the condition of the insurer. History:   1991 c 325 art 2 s 5