Minnesota Administrative Rules
Agency 120 - Commerce Department
Chapter 2770 - AUTOMOBILE INSURANCE
AUTO SELF-INSURANCE
Part 2770.7000 - QUARTERLY FINANCIAL STATEMENTS

Universal Citation: MN Rules 2770.7000
Current through Register Vol. 49, No. 13, September 23, 2024

If the commissioner determines that a deterioration in the funds flow, net worth, debt structure, profitability, or general financial integrity of the self-insurer or its parent company, if a parent company exists, adversely affects the self-insurer's ability to satisfy its financial obligations under the no-fault act, then the commissioner shall require an authorized self-insurer to submit quarterly financial statements for the self-insurer and its parent company.

Statutory Authority: MS s 65B.48

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