Current as of January 01, 2018 | Updated by FindLaw Staff
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If any health carrier, as defined in section 62A.011, informs a policyholder or contract holder that a rate increase is due to a statutory change, the health carrier must disclose the specific amount of the rate increase directly due to the statutory change and must identify the specific statutory change. This disclosure must also separate any rate increase due to medical inflation or other reasons from the rate increase directly due to statutory changes in this chapter, chapter 62C, 62D, 62E, 62H, 62J, 62L, or 64B.
Cite this article: FindLaw.com - Minnesota Statutes Insurance (Ch. 59A-79a) § 62A.024. Explanations of rate increases; attribution to statutory changes - last updated January 01, 2018 | https://codes.findlaw.com/mn/insurance-ch-59a-79a/mn-st-sect-62a-024/
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