Any person or entity that is a resident of the state of Minnesota who has a current notice of refusal to insure from an insurer licensed to offer insurance in the state of Minnesota may make written application to the association for coverage. The applicable premium or required portion of it must be paid prior to coverage by the association.
The association is authorized to (1) issue or cause to be issued insurance policies to applicants subject to limits specified in the plan of operation; (2) underwrite the insurance and adjust and pay losses with respect to it; (3) conduct risk management and loss prevention services; (4) assume reinsurance from its members; (5) cede reinsurance; and (6) retain, hire, or appoint individuals or companies to perform any of these functions.
1986 c 455 s 23; 1987 c 337 s 80; 2003 c 21 s 4
Structure Minnesota Statutes
Chapters 59A - 79A — Insurance
Chapter 62I — Joint Underwriting Association
Section 62I.02 — Minnesota Joint Underwriting Association.
Section 62I.04 — Policy Issuance.
Section 62I.05 — Plan Of Operation.
Section 62I.06 — Policy Forms; Premium Rate.
Section 62I.07 — Membership Assessments.
Section 62I.08 — Application Procedure.
Section 62I.121 — Benefits For Employees.
Section 62I.13 — Action By The Minnesota Joint Underwriting Association Upon The Application.
Section 62I.15 — Extension Of Coverage.
Section 62I.16 — Stabilization Reserve Fund.
Section 62I.17 — Immunity From Liability.
Section 62I.18 — Right Of Appeal.
Section 62I.19 — Annual Statements.
Section 62I.21 — Activation Of Joint Underwriting Association.