2000 Minnesota Statutes

     79.56 Filing rates and rating information. 

    Subdivision 1.    Prefiling of rates.  Each insurer 
 shall file with the commissioner a complete copy of its rates 
 and rating plan, and all changes and amendments thereto, and 
 such supporting data and information that the commissioner may 
 by rule require, at least 60 days prior to its effective date.  
 The commissioner shall advise an insurer within 30 days of the 
 filing if its submission is not accompanied with such supporting 
 data and information that the commissioner by rule may require.  
 The commissioner may extend the filing review period and 
 effective date for an additional 30 days if an insurer, after 
 having been advised of what supporting data and information is 
 necessary to complete its filing, does not provide such 
 information within 15 days of having been so notified.  If any 
 rate or rating plan filing or amendment thereto is not 
 disapproved by the commissioner within the filing review period, 
 the insurer may implement it.  For the period August 1, 1995, to 
 December 31, 1995, the filing shall be made at least 90 days 
 prior to the effective date and the department shall advise an 
 insurer within 60 days of such filing if the filing is 
 insufficient under this section. 

    Subd. 2. Repealed, 1995 c 231 art 1 s 36; art 2 s 110 

    Subd. 3.    Penalties.  Any insurer using a rate or a 
 rating plan which has not been filed shall be subject to a fine 
 of up to $100 for each day the failure to file continues.  The 
 commissioner may, after a hearing on the record, find that the 
 failure is willful.  A willful failure to meet filing 
 requirements shall be punishable by a fine of up to $500 for 
 each day during which a willful failure continues.  These 
 penalties shall be in addition to any other penalties provided 
 by law.  Notwithstanding this subdivision, an employer that 
 generates $500,000 in annual written workers' compensation 
 premium under the rates and rating plan of an insurer before the 
 application of any large deductible rating plans, may be written 
 by that insurer using rates or rating plans that are not subject 
 to disapproval but which have been filed.  The $500,000 
 threshold shall be increased on January 1, 1996, and on each 
 January 1 thereafter by the percentage increase in the statewide 
 average weekly wage, to the nearest $1,000.  The commissioner 
 shall advise insurers licensed to write workers' compensation 
 insurance in this state of the annual threshold adjustment. 

    Subd. 4.    Public inspection.  All filings shall be 
 open to public inspection during normal business hours at the 
 offices of the department of commerce.  

    HIST: 1981 c 346 s 27; 1983 c 289 s 114 subd 1; 1984 c 655 art 
 1 s 92; 1995 c 231 art 1 s 9,10