HF 2430

as introduced - 79th Legislature (1995 - 1996) Posted on 12/15/2009 12:00am

  1.1                          A bill for an act 
  1.2             relating to insurance; exempting self-insurance pools 
  1.3             established by insurance trusts of the Minnesota 
  1.4             service cooperatives from certain regulation by the 
  1.5             commissioner of commerce; amending Minnesota Statutes 
  1.6             1994, section 471.982, subdivision 3. 
  1.7   BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
  1.8      Section 1.  Minnesota Statutes 1994, section 471.982, 
  1.9   subdivision 3, is amended to read: 
  1.10     Subd. 3.  Self-insurance pools established and open for 
  1.11  enrollment on a statewide basis by the Minnesota service 
  1.12  cooperatives insurance trust or trusts, the Minnesota league of 
  1.13  cities insurance trust, the Minnesota school boards association 
  1.14  insurance trust, the Minnesota association of townships 
  1.15  insurance and bond trust, or the Minnesota association of 
  1.16  counties insurance trust and the political subdivisions that 
  1.17  belong to them are exempt from the requirements of this section 
  1.18  and section 65B.48, subdivision 3.  In addition, the Minnesota 
  1.19  association of townships insurance and bond trust and the 
  1.20  townships that belong to it are exempt from the requirement to 
  1.21  hold the certificate of surety authorization issued by the 
  1.22  commissioner of commerce as provided in section 574.15. 
  1.23     Sec. 2.  [EFFECTIVE DATE.] 
  1.24     Section 1 is effective the day following final enactment.