To aid in the detection and prevention of insurer insolvencies:
(1) The board of directors may upon majority vote make recommendations to the commissioner on matters generally related to improving or enhancing regulation for solvency.
(2) The board of directors may, at the conclusion of any domestic insurer insolvency in which the association was obligated to pay covered claims, prepare and submit to the commissioner a report on the history and causes of the insolvency, based on the information available to the association.
1971 c 145 s 15; 1986 c 444; 1988 c 541 s 10; 1997 c 52 s 11
Structure Minnesota Statutes
Chapters 59A - 79A — Insurance
Chapter 60C — Insurance Guaranty Association
Section 60C.02 — Scope, Purposes, And Construction.
Section 60C.05 — Powers And Duties.
Section 60C.07 — Plan Of Operation.
Section 60C.08 — Board Of Directors.
Section 60C.09 — Covered Claims.
Section 60C.10 — Evaluation Of Claims.
Section 60C.11 — Effect Of Paid Claims.
Section 60C.12 — Appeal And Review.
Section 60C.13 — Exhaustion Of Other Coverage.
Section 60C.14 — Duties And Powers Of Commissioner.
Section 60C.15 — Prevention Of Insolvencies.
Section 60C.16 — Examination Of Association.
Section 60C.17 — Tax Exemption.
Section 60C.18 — Recognition Of Assessments In Rates.
Section 60C.195 — Stay Of Proceedings.
Section 60C.20 — Unfair Trade Practices.
Section 60C.21 — Insolvency; Notice Of Guaranty Fund Protection.