2006 Minnesota Statutes
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Chapter 297I
Section 297I.10
Recent History
- 2019 Subd. 1 Revisor Instruction 2019 c 10 art 3 s 40
- 2017 Subd. 1 Amended 2017 c 1 art 14 s 14
- 2017 Subd. 3 Amended 2017 c 1 art 14 s 15
- 2013 Subd. 1 Amended 2013 c 111 art 5 s 46
- 2005 Subd. 4 New 2005 c 151 art 2 s 16
- 2002 Subd. 2 Repealed 2002 c 392 art 1 s 9
- 2000 297I.10 New 2000 c 394 art 1 s 3
This is an historical version of this statute chapter. Also view the most recent published version.
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Subd. 2.[Repealed, 2002 c 392 art 1 s 9]
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.
Subd. 4. Collection and administration. The commissioner shall administer the surcharge
imposed by this section in the same manner as the taxes imposed by this chapter.
History: 2000 c 394 art 1 s 3; 2005 c 151 art 2 s 16
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.[Repealed, 2002 c 392 art 1 s 9]
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.
Subd. 4. Collection and administration. The commissioner shall administer the surcharge
imposed by this section in the same manner as the taxes imposed by this chapter.
History: 2000 c 394 art 1 s 3; 2005 c 151 art 2 s 16
Official Publication of the State of Minnesota
Revisor of Statutes