Minn. R. agency 120, ch. 2770, AUTO SELF-INSURANCE, pt. 2770.7000

Current through Register Vol. 49, No. 24, December 9, 2024
Part 2770.7000 - QUARTERLY FINANCIAL STATEMENTS

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.

Minn. R. agency 120, ch. 2770, AUTO SELF-INSURANCE, pt. 2770.7000

9 SR 734; 9 SR 764

Statutory Authority: MS s 65B.48