2025 Session
Last amended: 1971 session
§ 60C.01 — Citation
Plain-Language Summary
This section gives the official name for Chapter 60C. It may be called the 'Minnesota Insurance Guaranty Association Act.' This law creates a safety net for people whose insurance company goes bankrupt.
60C.01 CITATION.
This chapter may be cited as the “Minnesota Insurance Guaranty Association Act.”
History:
History: History:
1971 c 145 s 1
Practical Notes
If your property and casualty insurance company becomes insolvent, this chapter provides for a fund that may cover your unpaid claims. The guaranty association is funded by assessments on other insurance companies doing business in Minnesota.