2006 Minnesota Statutes

79.56 FILING RATES AND RATING INFORMATION.
    Subdivision 1. Prefiling of rates. (a) Each insurer shall file with the commissioner a
complete copy of its rates and rating plan, and all changes and amendments thereto, and such
supporting data and information that the commissioner may by rule require, at least 60 days prior
to its effective date. The commissioner shall advise an insurer within 30 days of the filing if its
submission is not accompanied with such supporting data and information that the commissioner
by rule may require. The commissioner may extend the filing review period and effective date
for an additional 30 days if an insurer, after having been advised of what supporting data and
information is necessary to complete its filing, does not provide such information within 15
days of having been so notified. If any rate or rating plan filing or amendment thereto is not
disapproved by the commissioner within the filing review period, the insurer may implement it.
For the period August 1, 1995, to December 31, 1995, the filing shall be made at least 90 days
prior to the effective date and the department shall advise an insurer within 60 days of such filing
if the filing is insufficient under this section.
(b) A rating plan or rates are not subject to the requirements of paragraph (a), where the
insurer files a certification verifying that it will use the mutually agreed upon rating plan or rates
only to write a specific employer that generates $250,000 in annual written workers' compensation
premiums before the application of any large deductible rating plan. The certification must be
refiled upon each renewal of the employer's policy. The $250,000 threshold includes premiums
generated in any state. The designation and certification must be submitted in substantially the
following form:
Name and address of insurer:.................................
Name and address of insured employer:........................
Policy period:...............................................
I certify that the employer named above generates $250,000 or more in annual countrywide
written workers' compensation premiums, and that the calculation of this threshold is based on the
rates and rating plans that have been approved by the appropriate state regulatory authority. The
filing of this certification authorizes the use of this rate or rating plan only for the named employer.
Name of responsible officer:.................................
Title:.......................................................
Signature:...................................................
    Subd. 2.[Repealed, 1995 c 231 art 1 s 36; art 2 s 110]
    Subd. 3. Penalties. Any insurer using a rate or a rating plan which has not been filed or
certified under subdivision 1 shall be subject to a fine of up to $100 for each day the failure to file
continues. The commissioner may, after a hearing on the record, find that the failure is willful. A
willful failure to meet filing requirements shall be punishable by a fine of up to $500 for each
day during which a willful failure continues. These penalties shall be in addition to any other
penalties provided by law.
    Subd. 4. Public inspection. All filings shall be open to public inspection during normal
business hours at the offices of the Department of Commerce.
History: 1981 c 346 s 27; 1983 c 289 s 114 subd 1; 1984 c 655 art 1 s 92; 1995 c 231 art 1
s 9,10; 2001 c 131 s 16; 2002 c 336 s 4; 2005 c 132 s 26,27