Minnesota Administrative Rules
Agency 120 - Commerce Department
Chapter 2740 - COMPREHENSIVE HEALTH INSURANCE
REINSURANCE
Part 2740.5500 - EXCESS RECEIPTS
Universal Citation: MN Rules 2740.5500
Current through Register Vol. 49, No. 13, September 23, 2024
If pooling payments, reinsurance assessments and other receipts by the association or its reinsurance administrator as a result of the reinsurance plan exceed actual reinsurance losses and administrative expenses of the pool, such excess shall be held at interest and used by the association to offset losses (including but not limited to reserves for incurred but not reported claims) due to claims expenses of the state plan or allocated to reduce state plan premiums.
Statutory Authority: MS s 62E.09
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