1.1 	A bill for an act
1.2 	relating to motor carriers; regulating insurance requirements for certain carriers;
1.3 	amending Minnesota Statutes 2006, section 221.141, subdivision 1e.
1.4 	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

1.5 	Section 1. Minnesota Statutes 2006, section 221.141, subdivision 1e, is amended to 
1.6 	read:
1.7 		Subd. 1e.Insurer must be authorized. A policy of insurance, bond, or other 
1.8 	evidence of financial responsibility does not satisfy the requirements of this section unless:
1.9 	(1) the insurer or surety furnishing the evidence of financial responsibility is 
1.10 	authorized or registered by the Department of Commerce to issue the policies, bonds, or 
1.11 	certificates in this state.; or
1.12 	(2) the insurer is a risk retention group registered under chapter 60E and the insured 
1.13 	is a nonprofit organization that is exempt from taxation under section 501(c)(3) of the 
1.14 	Internal Revenue Code of 1986.