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MN SF2713
Bill
Status
Introduced
3/17/2014
Primary Sponsor
David Tomassoni
Click for details
AI Summary
- Amends Minnesota Statutes section 79.561, subdivision 1, to limit workers' compensation insurers' administrative expenses in rate and rating plan filings.
- Establishes a cap requiring that an insurer's expected administrative expenses cannot exceed 20 percent of the insurer's expected total revenues when negotiating with the commissioner following a rate disapproval.
- Allows rate and rating plan filings meeting the 20 percent administrative expense threshold to be implemented immediately by the insurer, notwithstanding other state laws.
- Effective January 1, 2015, and applies to all rates and rating plans filed on or after that date.
Legislative Description
Workers compensation insurers permissible administrative expenses limitation
Last Action
Referred to Jobs, Agriculture and Rural Development
3/17/2014
Committee Referrals
Jobs, Agriculture and Rural Development3/17/2014
Full Bill Text
No bill text available