2007 Minnesota Statutes

70A.17 RECORDING AND REPORTING OF EXPERIENCE.
    Subdivision 1. Rules and statistical plans. The commissioner shall promulgate and may
modify reasonable rules and statistical plans, reasonably adapted to each of the rating systems
used, and which shall thereafter be used by each insurer in the recording and reporting of its loss
and countrywide expense experience, in order that the experience of all insurers may be made
available at least annually in such form and detail as may be necessary to aid in determining
whether rates comply with the applicable standards of this chapter. Such rules and plans may
also provide for the recording and reporting of expense experience items which are specially
applicable to this state and are not susceptible of determination by a prorating of countrywide
expense practice.
    Subd. 2. Uniformity of rules and plans. In promulgating such rules and plans the
commissioner shall give due consideration to the rating systems in use in this state and, in order
that such rules and plans may be as uniform as is practicable among the several states, to the
rules and to the form of the plans used for such rating systems in other states. No insurer shall
be required to record or report its loss experience on a classification basis that is inconsistent
with the rating system used by it.
    Subd. 3. Rating organization assistance. The commissioner may designate one or more
rating organizations or other agencies to assist in gathering such experience and making
compilations thereof, and such compilations shall be made available, subject to reasonable rules
promulgated by the commissioner, to insurers and rating organizations.
History: 1969 c 958 s 17; 1986 c 444