Chapter 60E — Risk Retention Groups Chartered in This State

60E.01 Purpose This section explains that the purpose of this chapter is to regulate risk retention groups and purchasing groups in … 60E.02 Definitions This section defines important terms used throughout the risk retention group and purchasing group laws, including 'risk … 60E.03 Risk Retention Groups Chartered in This State This section sets the rules for risk retention groups that are created and licensed in Minnesota. These groups must … 60E.04 Risk Retention Groups Not Chartered in This State This section sets rules for risk retention groups from other states that want to do business in Minnesota. They must … 60E.05 Compulsory Associations This section explains that risk retention groups do not have to join or pay into state insurance guaranty funds. If a … 60E.06 Countersignatures Not Required This section says that insurance policies issued to risk retention groups or their members do not need to be … 60E.07 Purchasing Groups; Exemption From Certain Laws Relating to the Group Purchase of Insurance This section exempts purchasing groups from certain state insurance laws. These groups can buy insurance as a group and … 60E.08 Notice and Registration Requirements of Purchasing Groups This section requires purchasing groups to register with the Minnesota commissioner before doing business in the state. … 60E.09 Restrictions on Insurance Purchased by Purchasing Groups This section limits where purchasing groups can buy insurance. They cannot buy from unapproved insurers unless they use … 60E.095 Purchasing Group Taxation This section requires purchasing groups to pay premium taxes to the Minnesota Department of Revenue for insurance … 60E.10 Administrative and Procedural Authority Regarding Risk Retention Groups and Purchasing Groups This section gives the commissioner of commerce the power to enforce the laws about risk retention groups and purchasing … 60E.11 This section has been repealed and is no longer in effect. 60E.12 Duty on Agents or Brokers to Obtain License This section requires anyone who sells or helps sell insurance for risk retention groups or purchasing groups in … 60E.13 Binding Effect of Orders Issued in United States District Court This section says that federal court orders stopping a risk retention group from operating because of financial problems … 60E.14 Rules This section gives the commissioner of commerce the power to adopt rules as needed to carry out the risk retention group …