Minnesota Statutes
Minn. Stat. § 60C.18 (2026)
Recognition Of Assessments In Rates
✓ current as of May 2026
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§
Subdivision 1.Recognition required.
The rates and premiums charged for insurance policies and fidelity and surety bonds to which this chapter applies may include amounts sufficient to recoup a sum equal to the amounts paid to the association by the member insurer less any amounts returned to the member insurer by the association. The rates shall not be deemed excessive because they contain an amount reasonably calculated to recoup assessments paid by the member insurer.
Notes of Decisions
Cited in 2
cases, 1994–2010 · leading case: Seehus v. Bor-Son Constr., Inc., 783 N.W.2d 144 (Minn. 2010).
Seehus v. Bor-Son Constr., Inc., 783 N.W.2d 144 (Minn. 2010). “This limitation of liability does not apply to workers' compensation claims.”
Maxwell Commc'ns v. Webb Publ'g Co., 518 N.W.2d 830 (Minn. 1994). “06, the cost of which is passed on directly to policyholders, Minn. Stat. § 60C.18. The Guaranty Act did not apply to workers' compensation insurers until 1981.”
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