60A.762 CATEGORIES OF RESERVES.
The following sections set forth minimum standards for three categories of health insurance
reserves:
(1) section
60A.763, claim reserves;
(2) section
60A.764, premium reserves; and
(3) section
60A.765, contract reserves.
Adequacy of an insurer's health insurance reserves is to be determined on the basis of all
three categories combined. However, sections
60A.76 to
60A.768 emphasize the importance of
determining appropriate reserves for each of the three categories separately.
History: 2004 c 285 art 2 s 3