language to be deleted (2) new language
Laws of Minnesota 1985 CHAPTER 219-S.F.No. 557 An act relating to insurance; removing the limits on credits offered on workers' compensation insurance premiums; amending Minnesota Statutes 1984, section 79.55, by adding a subdivision. BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: Section 1. Minnesota Statutes 1984, section 79.55, is amended by adding a subdivision to read: Subd. 5. [DISCOUNTS PERMITTED.] An insurer may offer a discount from a manual premium if the premium otherwise complies with this section. The commissioner shall not by rule, or otherwise, prohibit a credit or discount from a manual premium solely because it is greater than a certain fixed percentage of the premium. Sec. 2. [EFFECTIVE DATE.] Section 1 is effective retroactive to July 1, 1984. Approved May 23, 1985
Copyright © 1985 by the Revisor of Statutes, State of Minnesota. All rights reserved.