2025 Session
Last amended: 1993 session
§ 60E.01 — Purpose
Plain-Language Summary
This section explains that the purpose of this chapter is to regulate risk retention groups and purchasing groups in Minnesota, as allowed by the federal Liability Risk Retention Act of 1986.
60E.01 PURPOSE.
The purpose of sections 60E.01 to 60E.14 is to regulate the formation and operation of risk retention groups and purchasing groups in this state formed under the federal Liability Risk Retention Act of 1986, to the extent permitted by that law.
History:
1987 c 192 s 1; 1993 c 299 s 11
History: History: 1987 c 192 s 1; 1993 c 299 s 11
Practical Notes
Risk retention groups let businesses with similar risks pool together to self-insure. This chapter sets Minnesota’s rules for how these groups operate within the state.