79.50 PURPOSES. The purposes of this chapter are to: (a) promote public welfare by regulating insurance rates so that premiums are not excessive, inadequate, or unfairly discriminatory; (b) promote quality and integrity in the databases used in workers' compensation insurance ratemaking; (c) prohibit price fixing agreements and anticompetitive behavior by insurers; (d) define the function and scope of activities of data service organizations; and (e) encourage insurers to provide alternative innovative methods whereby employers can meet the requirements imposed by section 176.181. History: 1981 c 346 s 21; 1995 c 231 art 1 s 1 79.50 PURPOSES. The purposes of this chapter are to: (a) promote public welfare by regulating insurance rates so that premiums are not excessive, inadequate, or unfairly discriminatory; (b) promote quality and integrity in the databases used in workers' compensation insurance ratemaking; (c) prohibit price fixing agreements and anticompetitive behavior by insurers; (d) define the function and scope of activities of data service organizations; and (e) encourage insurers to provide alternative innovative methods whereby employers can meet the requirements imposed by section 176.181. History: 1981 c 346 s 21; 1995 c 231 art 1 s 1
Minnesota Legal Code