Minnesota Legislature
Office of the Revisor of Statutes
2006 Minnesota Statutes
This is an historical version of this statute chapter. Also view the most recent published version.
70A.16 JOINT UNDERWRITING OR JOINT REINSURANCE.
Subdivision 1. Joint underwriting. Every group, association, or other organization of
insurers which engages in joint underwriting shall be subject to all the provisions of this chapter.
Subd. 2. Joint reinsurance. Every group, association, or other organization of insurers
which engages in joint reinsurance, shall be subject to the provisions of sections 70A.18 and
70A.20 to 70A.22.
Subd. 3. Unfair or unreasonable practice. If, after a hearing, the commissioner finds that
any activity or practice of any group, association or other organization referred to in subdivision
1 or 2 is unfair, unreasonable, or otherwise inconsistent with the provisions of this chapter, the
commissioner shall issue a written order specifying in what respects that activity or practice is
unfair, unreasonable or otherwise inconsistent with the provisions of this chapter, and requiring
the discontinuance of the activity or practice.
History: 1969 c 958 s 16; 1986 c 444
Subdivision 1. Joint underwriting. Every group, association, or other organization of
insurers which engages in joint underwriting shall be subject to all the provisions of this chapter.
Subd. 2. Joint reinsurance. Every group, association, or other organization of insurers
which engages in joint reinsurance, shall be subject to the provisions of sections 70A.18 and
70A.20 to 70A.22.
Subd. 3. Unfair or unreasonable practice. If, after a hearing, the commissioner finds that
any activity or practice of any group, association or other organization referred to in subdivision
1 or 2 is unfair, unreasonable, or otherwise inconsistent with the provisions of this chapter, the
commissioner shall issue a written order specifying in what respects that activity or practice is
unfair, unreasonable or otherwise inconsistent with the provisions of this chapter, and requiring
the discontinuance of the activity or practice.
History: 1969 c 958 s 16; 1986 c 444
Official Publication of the State of Minnesota
Revisor of Statutes