Minn. R. agency 120, ch. 2880, pt. 2880.0800
Current through Register Vol. 49, No. 24, December 9, 2024
An insurer failing to comply with parts 2880.0050 to 2880.0800 is subject to the following penalties during each calendar year period:
Monetary penalties will not be levied if the commissioner determines that the nonrenewal notice was based on a good faith judgment supported by evidence that was in the possession of the insurer at the time of the sending of the nonrenewal notice, or if the nonrenewal was subject to the waiver of penalty provisions in part 2880.0300.
Nothing contained in parts 2880.0050 to 2880.0800 prohibits the commissioner of commerce from applying additional penalties or remedies as may be imposed under Minnesota Statutes, chapter 72A.
Minn. R. agency 120, ch. 2880, pt. 2880.0800
Statutory Authority: MS s 65A.29