Subdivision 1.[Repealed, 1981 c 346 s 145
; 1983 c 290 s 15
Subd. 2. Dividends.
Dividend plans are not unfairly discriminatory where different
premiums result for different policyholders with similar loss exposures but different expense
factors, or where different premiums result for different policyholders with similar expense
factors but different loss exposures, so long as the respective premiums reflect the differences
with reasonable accuracy. Every insurer who issues participating policies shall file with the
commissioner a true copy or summary as the commissioner shall direct of its participating
dividend rates as to policyholders. The commissioner may study the participating dividend rates
and make recommendations to the legislature concerning possible bases for unfair discrimination.
History: Ex1979 c 3 s 5; 1995 c 231 art 2 s 3