2000 Minnesota Statutes

     62I.14 Assessments. 

    In the event the commissioner deems it necessary to make an 
 assessment, an assessed insurer must pay the assessment within 
 30 days of receipt of notice of the assessment.  The 
 commissioner may suspend or revoke an insurer's certificate of 
 authority and impose a civil penalty in an amount not to exceed 
 $5,000 for an insurer's failure to pay the assessment within the 
 30-day period. 

    HIST: 1986 c 455 s 33