Minnesota § 79.53 - PREMIUM CALCULATION
Full text of Minnesota Minnesota Statutes § 79.53 — PREMIUM CALCULATION, with citation guidance and answers to common questions.
§ 79.53. PREMIUM CALCULATION
Subdivision 1.Method of calculation.
Each insurer shall establish premiums to be paid by an employer according to its filed rates and rating plan as follows:
Rates shall be applied to an exposure base to yield a base premium which may be further modified by merit rating, premium discounts, and other appropriate factors contained in the rating plan of an insurer to produce premium if the increase or decrease is not unfairly discriminatory. Nothing in this chapter shall be deemed to prohibit the use of any premium, provided the premium is not excessive, inadequate or unfairly discriminatory.
Subd. 2.
[Repealed, 1995 c 231 art 1 s 36; art 2 s 110]
History:
1981 c 346 s 24; 1983 c 289 s 114 subd 1; 1983 c 290 s 14; 1984 c 655 art 1 s 92; 1995 c 231 art 1 s 4; 1996 c 374 s 1
Official Publication of the State of Minnesota
Revisor of Statutes
Frequently Asked Questions About Minnesota § 79.53
What does Minnesota Statutes § 79.53 cover?
Section 79.53 ("PREMIUM CALCULATION") is part of the Minnesota Statutes, the codified statutory law of Minnesota. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Minnesota § 79.53?
A common citation format is "Minnesota Statutes § 79.53" (Minnesota). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Minnesota law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Minnesota official source linked on this page or consult a licensed Minnesota attorney.
How does Minnesota § 79.53 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Minnesota can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Minnesota.