2007 Minnesota Statutes

62I.07 MEMBERSHIP ASSESSMENTS.
    Subdivision 1. General assessment. Each member of the association that is authorized to
write property and casualty insurance in the state shall participate in its losses and expenses in
the proportion that the direct written premiums of the member on the kinds of insurance in that
account bears to the total aggregate direct written premiums written in this state by all members
on the kinds of insurance in that account. The members' participation in the association shall be
determined annually on the direct written premiums written during the preceding calendar year as
reported on the annual statements and other reports filed by the member with the commissioner.
Direct written premiums mean that amount at page 15, column (2), lines 5.2, 8, 9, 17, 21.2, 22,
23, 24, 25, 26, and 27 of the annual statement filed annually with the Department of Commerce
under section 60A.13.
    Subd. 2. Personal injury liability insurance assessment; liquor liability. A member of the
association shall participate in its writings, expenses, servicing allowance, management fees, and
losses in the proportion that the net direct premiums of the member, excluding that portion of
premiums attributable to the operation of the association, written during the preceding calendar
year on the kinds of insurance in that account bears to the aggregate net direct premiums written
in this state by all members on the kinds of insurance in that account. The member's participation
in the association shall be determined annually on the basis of net direct premiums written during
the preceding calendar year, as reported in the annual statements and other reports filed by the
member with the commissioner. Net direct premiums mean gross direct premiums written on
personal injury liability insurance, including the liability component of multiple peril package
policies as computed by the commissioner, less return premiums for the unused or unabsorbed
portions of premium deposits. The net direct premiums are calculated using lines 5.2 CMP,
and 17-other liability from page 14, column (2) of the annual statement filed annually with the
Department of Commerce pursuant to section 60A.13.
    Subd. 3. Personal injury liability insurance assessment; medical malpractice. If an
assessment is needed for medical malpractice, the assessment is made using the following lines
from page 14, column (2) of the annual statement filed annually with the Department of Commerce
pursuant to section 60A.13 using the following lines: 5.2 commercial multiperil liability, 11
medical malpractice, 17-other liability, 19.1 PIP-private passenger, 19.3 PIP-commercial.
History: 1986 c 455 s 26; 1994 c 485 s 47; 1996 c 446 art 1 s 48; 1999 c 177 s 51; 2001
c 215 s 20