Title Minnesota Statutes, Minnesota Statutes

62I.05 PLAN OF OPERATION. The association shall have a plan of operation which shall be consistent with the provisions of this chapter and that provides for economic, fair, and nondiscriminatory administration and for the prompt, efficient provision of insurance coverage of the t…

62I.06 POLICY FORMS; PREMIUM RATE. § Subdivision 1.Requirement. The policies and contracts of coverage issued pursuant to this chapter shall contain the usual and customary provisions of similar insurance policies issued by private insurance companies. If a standard form is used …

62I.07 MEMBERSHIP ASSESSMENTS. § Subdivision 1. Assessment. Each member of the association shall participate in its losses and expenses in the proportion that the direct written premiums of the member on the kinds of insurance in that account bears to the total aggregate direct w…

62I.08 APPLICATION PROCEDURE. A person or entity that has been denied coverage or is unable to find an insurer willing to write coverage is eligible to make an application to the association. To show eligibility to participate in the association the applicant shall certify that t…

62I.121 BENEFITS FOR EMPLOYEES. At the option of the board, employees may participate in the state retirement plan and the state deferred compensation plan for employees in the unclassified service, and an insurance plan administered by the commissioner of management and budget u…

62I.13 ACTION BY THE MINNESOTA JOINT UNDERWRITING ASSOCIATION UPON THE APPLICATION. § Subdivision 1.Generally. To be eligible to participate in the association, an applicant must apply for coverage as required by this section and section 62I.08. § Subd. 2.Minimum of qualification…

62I.14 ASSESSMENTS. In the event the commissioner orders 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…

62I.15 EXTENSION OF COVERAGE. If the association determines that the applicant meets the underwriting standards of the association as described in the plan of operation and section 62I.13, the association upon receipt of the premium or portion of it as described in the plan of op…

62I.16 STABILIZATION RESERVE FUND. § Subdivision 1.Creation. There is created a stabilization reserve fund. Each policyholder shall pay to the association a stabilization reserve fund charge of 33 percent of each premium payment due for insurance through the association. This cha…

62I.17 IMMUNITY FROM LIABILITY. No cause of action of any nature shall arise against the association, the members of its board of directors, its employees or authorized agents, the commissioner or the commissioner's authorized representatives, or any other person or organization,…

62I.18 RIGHT OF APPEAL. Any applicant to the association, any person insured pursuant to this chapter or their representatives, any affected insurer, or any person who has applied for coverage pursuant to this chapter may appeal to the commissioner within 30 days after any ruling…

62I.19 ANNUAL STATEMENTS. Annually, the association shall file with the commissioner a report of its transactions, financial conditions, and operations during the preceding year. The report shall be in a format approved by the commissioner. The commissioner may at any time requir…

62I.21 ACTIVATION OF JOINT UNDERWRITING ASSOCIATION. Upon submission of an application for placement of general liability insurance coverage under section 62I.13 in a class of business for which the Joint Underwriting Association is not then activated, where the applicant has bee…

62I.22 HEARING. § Subdivision 1.Administrative law judge. The commissioner shall forward a copy of the petition to activate the Joint Underwriting Association with respect to a class of business to the chief administrative law judge. The chief administrative law judge shall, with…