1999 Minnesota Statutes

     62A.651 Phase-in. 

    Subdivision 1.    Compliance.  No health carrier, as 
 defined in section 62A.011, shall renew any individual health 
 plan, as defined in section 62A.011, except in compliance with 
 this section. 

    Subd. 2.    Premium adjustments.  Any increase or 
 decrease in premiums by a health carrier that is caused by 
 section 62A.65, is subject to the premium adjustments in this 
 subdivision.  A health carrier shall determine renewal premiums 
 for any coverage under subdivision 1 as follows: 

    (1) one-half of the premium increase or decrease may be 
 charged upon the first renewal of the coverage on or after July 
 1, 1993; and 

    (2) the remaining half of the premium increase or decrease 
 may be charged upon the first renewal of the coverage one year 
 after the date of the renewal under clause (1). 

    HIST: 1993 c 345 art 8 s 6