Minnesota Legislature
Office of the Revisor of Statutes
2007 Minnesota Statutes
This is an historical version of this statute chapter. Also view the most recent published version.
67A.41 PREMIUMS AND ASSESSMENTS.
Member companies of any such association shall each year pay to the treasurer thereof such
assessments as shall be fixed or authorized by the board of directors of the association, which
assessments shall be based upon the amount of insurance of each of its member companies
during the calendar year ending December 31st next preceding. The individual members of the
member companies shall be subject to assessment in case the funds of the member companies are
insufficient to pay any assessment made by the association to the same extent and in the same
manner as though the assessment by the association were to cover a loss for which the member
company was liable.
History: 1967 c 395 art 8 s 41
Member companies of any such association shall each year pay to the treasurer thereof such
assessments as shall be fixed or authorized by the board of directors of the association, which
assessments shall be based upon the amount of insurance of each of its member companies
during the calendar year ending December 31st next preceding. The individual members of the
member companies shall be subject to assessment in case the funds of the member companies are
insufficient to pay any assessment made by the association to the same extent and in the same
manner as though the assessment by the association were to cover a loss for which the member
company was liable.
History: 1967 c 395 art 8 s 41
Official Publication of the State of Minnesota
Revisor of Statutes