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SF 1611

1st Engrossment - 86th Legislature (2009 - 2010) Posted on 02/09/2010 02:22am

KEY: stricken = removed, old language.
underscored = added, new language.

Current Version - 1st Engrossment

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A bill for an act
relating to insurance; authorizing the Nonprofit Insurance Trust to self-insure
against certain liabilities; amending Minnesota Statutes 2008, sections 471.98,
subdivision 2; 471.982, subdivision 3.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

Section 1.

Minnesota Statutes 2008, section 471.98, subdivision 2, is amended to read:


Subd. 2.

Political subdivision.

"Political subdivision" includes a statutory or home
rule charter city, a county, a school district, a town, a watershed management organization
as defined in section 103B.205, subdivision 13, or an instrumentality thereof, including
but not limited to instrumentalities incorporated under chapter 317A, having independent
policy-making and appropriating authority. For the purposes of this section and section
471.981, the governing body of a town is the town board.new text begin The term also includes the
Nonprofit Insurance Trust incorporated under chapter 317A and its members incorporated
under chapter 317A.
new text end

Sec. 2.

Minnesota Statutes 2008, section 471.982, subdivision 3, is amended to read:


Subd. 3.

Exemptions.

Self-insurance pools established and open for enrollment
on a statewide basis by the Minnesota League of Cities Insurance Trust, the Minnesota
School Boards Association Insurance Trust, the Minnesota Association of Townships
Insurance and Bond Trust, deleted text beginordeleted text end the Minnesota Association of Counties Insurance Trustnew text begin, or
the Nonprofit Insurance Trust
new text end and the political subdivisions that belong to them are exempt
from the requirements of this section and section 65B.48, subdivision 3. In addition, the
Minnesota Association of Townships Insurance and Bond Trust and the townships that
belong to it are exempt from the requirement to hold the certificate of surety authorization
issued by the commissioner of commerce as provided in section 574.15.