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.
60E.09 RESTRICTIONS ON INSURANCE PURCHASED BY PURCHASING GROUPS.
A purchasing group may not purchase insurance from a risk retention group that is not
chartered in a state or from an insurer not admitted in the state in which the purchasing group is
located, unless the purchase is effected through a licensed agent or broker acting pursuant to the
surplus lines laws and regulations of the state.
A purchasing group which obtains liability insurance from an insurer not admitted in this
state or a risk retention group shall inform each of the members of the group which have a risk
resident or located in this state that the risk is not protected by an insurance insolvency guaranty
fund in this state, and that the risk retention group or insurer may not be subject to all insurance
laws and regulations of this state.
No purchasing group may purchase insurance providing for a deductible or self-insured
retention applicable to the group as a whole, however, coverage may provide for a deductible or
self-insured retention applicable to individual members.
Purchases of insurance by purchasing groups are subject to the same standards regarding
aggregate limits which are applicable to all purchases of group insurance.
History: 1987 c 192 s 9; 1993 c 299 s 26
A purchasing group may not purchase insurance from a risk retention group that is not
chartered in a state or from an insurer not admitted in the state in which the purchasing group is
located, unless the purchase is effected through a licensed agent or broker acting pursuant to the
surplus lines laws and regulations of the state.
A purchasing group which obtains liability insurance from an insurer not admitted in this
state or a risk retention group shall inform each of the members of the group which have a risk
resident or located in this state that the risk is not protected by an insurance insolvency guaranty
fund in this state, and that the risk retention group or insurer may not be subject to all insurance
laws and regulations of this state.
No purchasing group may purchase insurance providing for a deductible or self-insured
retention applicable to the group as a whole, however, coverage may provide for a deductible or
self-insured retention applicable to individual members.
Purchases of insurance by purchasing groups are subject to the same standards regarding
aggregate limits which are applicable to all purchases of group insurance.
History: 1987 c 192 s 9; 1993 c 299 s 26
Official Publication of the State of Minnesota
Revisor of Statutes