HF 190

as introduced - 79th Legislature (1995 - 1996) Posted on 12/15/2009 12:00am

  1.1                          A bill for an act 
  1.2             relating to insurance; no-fault auto; requiring 
  1.3             coordination of benefits to prevent overpayment by 
  1.4             insureds for duplicate coverage; amending Minnesota 
  1.5             Statutes 1994, section 65B.61, subdivision 3. 
  1.6   BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
  1.7      Section 1.  Minnesota Statutes 1994, section 65B.61, 
  1.8   subdivision 3, is amended to read: 
  1.9      Subd. 3.  Any Every legal entity, other than a reparation 
  1.10  obligor obligated to pay benefits under a plan of reparation 
  1.11  security or an insurer or employer obligated to pay benefits 
  1.12  under a workers' compensation law, may shall coordinate any 
  1.13  benefits it is obligated to pay for loss incurred as a result of 
  1.14  injury arising out of the maintenance or use of a motor vehicle 
  1.15  with basic economic loss benefits.  No An entity may coordinate 
  1.16  coordinating benefits pursuant to this subdivision, unless it 
  1.17  provides shall provide an appropriately reduced premium rate.  
  1.18  The amount of this rate reduction shall be not less than the 
  1.19  amount of the projected reduction in benefits and claims for 
  1.20  which the entity will be liable on that class of risks, less the 
  1.21  additional reasonable expenses incurred to administer the plan 
  1.22  coordinating benefits.  The projected reduction in benefits and 
  1.23  claims shall be based upon sound actuarial principles.  
  1.24     Sec. 2.  [EFFECTIVE DATE.] 
  1.25     Section 1 is effective the day following final enactment.