2000 Minnesota Statutes

     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. 

    HIST: 1987 c 192 s 8; 1993 c 299 s 25