2002 Minnesota Statutes

     62I.04 Policy issuance. 

    Any person or entity that is a resident of the state of 
 Minnesota who has a current notice of refusal to insure from an 
 insurer licensed to offer insurance in the state of Minnesota 
 may make written application to the association for coverage.  
 The applicable premium or required portion of it must be paid 
 prior to coverage by the association. 

    The application shall be filed simultaneously with the 
 association and the market assistance plan for the association. 

    The association is authorized to (1) issue or cause to be 
 issued insurance policies to applicants subject to limits 
 specified in the plan of operation; (2) underwrite the insurance 
 and adjust and pay losses with respect to it, or appoint service 
 companies to perform those functions; (3) assume reinsurance 
 from its members; and (4) cede reinsurance. 

    HIST: 1986 c 455 s 23; 1987 c 337 s 80