2000 Minnesota Statutes

     297I.10 Surcharge on premiums to restore deficiency in 
  special fund. 

    Subdivision 1.    Cities of the first class.  (a) The 
 commissioner shall order and direct a surcharge to be collected 
 of two percent of the fire, lightning, and sprinkler leakage 
 gross premiums, less return premiums, on all direct business 
 received by any licensed foreign or domestic fire insurance 
 company on property in a city of the first class, or by its 
 agents for it, in cash or otherwise. 

    (b) By July 31 and December 31 of each year the 
 commissioner of finance shall pay to the relief association in 
 each city a warrant for an amount equal to the total amount of 
 the surcharge on the premiums collected within the city since 
 the previous payment. 

    (c) The treasurer of the relief association shall place the 
 money received under this subdivision in the special fund of the 
 relief association. 

    Subd. 2.    City of the second class.  (a) Upon 
 receiving certification from a city of the second class pursuant 
 to section 424.165, the commissioner shall direct a surcharge to 
 be collected of two percent of the fire, lightning, and 
 sprinkler leakage gross premiums, less return premiums, on all 
 direct business received by any foreign or domestic fire 
 insurance company on property in such city of the second class, 
 or by its agents for it, in cash or otherwise. 

    (b) The board of trustees of a firefighter's relief 
 association of the city of the second class that has sent 
 certification to the commissioner under paragraph (a) must 
 notify the commissioner as soon as the balance in their special 
 fund equals $50,000.  Upon receiving notice from the 
 association, the commissioner shall notify the insurers subject 
 to the surcharge that the surcharge is discontinued effective 15 
 days after the balance reached $50,000. 

    (c) By September 1 and March 1 of each year, the 
 commissioner of finance shall pay to the firefighter's relief 
 association of each city of the second class a warrant for an 
 amount equal to the total amount of the surcharge on the 
 premiums collected within the city since the previous payment. 

    (d) The treasurer of the firefighter's relief association 
 shall place the money received under this subdivision in the 
 special fund of the relief association. 

    Subd. 3.    Appropriation.  The amount necessary to make 
 the payments required under this section is appropriated to the 
 commissioner of finance from the general fund. 

    HIST: 2000 c 394 art 1 s 3