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HF 536 Senate Long Description

Relating to insurance; modifying certain provisions regulating the +Minnesota joint underwriting association; eliminating the authority of the +association to provide insurance coverage to certain citizen participation groups +and prohibiting the association from offering completed operations +insurance; defining market assistance coordinator; modifying certain authority +of the association; eliminating the requirement for treatment of actions by +the board of directors on applications as amendments to the plan of operation; +modifying certain association participation application requirements relating +to market assistance and certain insurance rate requirements; increasing the +limit on the civil penalty for failure to pay assessments imposed by the +commissioner of commerce; eliminating stabilization reserve fund escrow requirements;+ repealing the market assistance plan and program and certain related +application action requirements(Ch. 21, 2003)