HF 1219

as introduced - 82nd Legislature (2001 - 2002) Posted on 12/15/2009 12:00am

  1.1                          A bill for an act 
  1.2             relating to insurance; removing certain state 
  1.3             involvement with the state fund mutual insurance 
  1.4             company; repealing Minnesota Statutes 2000, sections 
  1.5             79.371; 176A.01; 176A.02; 176A.03; 176A.04; 176A.05; 
  1.6             176A.06; 176A.07; 176A.08; 176A.09; 176A.10; 176A.11; 
  1.7             and 176A.12.  
  1.8   BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
  1.9      Section 1.  [STATE FUND MUTUAL INSURANCE COMPANY; 
  1.10  CONTINUATION.] 
  1.11     Notwithstanding section 2, the state fund mutual insurance 
  1.12  company may continue to operate after the effective date of this 
  1.13  act as a corporation under Minnesota Statutes, chapter 300, and 
  1.14  as a mutual insurance company, with all of the powers and 
  1.15  subject to all of the laws, regulations, rules, and requirements 
  1.16  of a mutual insurance company organized under the laws of this 
  1.17  state.  All rights, liabilities, and obligations of the company, 
  1.18  except those specifically provided for in Minnesota Statutes, 
  1.19  chapter 176A, are not affected by this act.  
  1.20     Sec. 2.  [REPEALER.] 
  1.21     Minnesota Statutes 2000, sections 79.371; 176A.01; 176A.02; 
  1.22  176A.03; 176A.04; 176A.05; 176A.06; 176A.07; 176A.08; 176A.09; 
  1.23  176A.10; 176A.11; and 176A.12, are repealed. 
  1.24     Sec. 3.  [EFFECTIVE DATE.] 
  1.25     Sections 1 and 2 are effective the day following final 
  1.26  enactment.