Minnesota Statutes

Minn. Stat. § 60C.02 (2026)

Scope, Purposes, And Construction

✓ current as of May 2026

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Subdivision 1.Scope.

This chapter applies to all kinds of direct insurance, except:

(1) life;

(2) annuity;

(3) title;

(4) accident and sickness;

(5) credit;

(6) vendor's single interest or collateral protection or any similar insurance protecting the interests of a creditor arising out of a creditor debtor transaction;

(7) mortgage guaranty;

(8) financial guaranty or other forms of insurance offering protection against investment risks;

(9) ocean marine;

(10) a transaction or combination of transactions between a person, including affiliates of the person, and an insurer, including affiliates of the insurer, that involves the transfer of investment or credit risk unaccompanied by transfer of insurance risk;

(11) insurance provided by or guaranteed by government; or

(12) insurance of warranties or service contracts, including insurance that provides for the repair, replacement, or services of goods or property, or indemnification for repair, replacement or service, for the operation or structural failure of the goods or property due to a defect in materials, workmanship or normal wear and tear, or provides reimbursement for the liability insured by the user of agreement or service contracts that provide these benefits.

Subd. 2.Purposes.

The purposes of this chapter are to provide a mechanism for the payment of covered claims under certain insurance policies and surety bonds, to the extent provided in this chapter, minimize excessive delay in payment and to avoid financial loss to claimants or policyholders because of the liquidation of an insurer, and to provide an association to assess the cost of the protection among insurers.

Subd. 3.Construction.

This chapter shall be liberally construed to effect the purposes stated in subdivision 2.

Notes of Decisions

Cited in 14 cases, 1988–2015 · leading case: Wondra v. Am. Fam. Ins. Grp., 432 N.W.2d 455 (Minn. Ct. App. 1988).

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Wondra v. Am. Fam. Ins. Grp., 432 N.W.2d 455 (Minn. Ct. App. 1988). · cites it 28× “Minn.Stat. § 60C.02, subd. 2 (1982) (emphasis added).”

Maxwell Commc'ns v. Webb Publ'g Co., 518 N.W.2d 830 (Minn. 1994). · cites it 20× “Minn.Stat. § 60C.02, subd. 2. The Guaranty Association is required to assume the contractual obligations of the insolvent insurer to its policyholder in respect to statutorily defined covered claims [1] up to the amount of the policyholder's contract but generally subject to a…”

Goodyear Tire & Rubber Co. v. Dynamic Air, Inc., 702 N.W.2d 237 (Minn. 2005). · cites it 4× “Minn.Stat. § 60C.02, subd. 2 (2004). To effect these purposes, the Act is to be “liberally construed.”

Seehus v. Bor-Son Constr., Inc., 783 N.W.2d 144 (Minn. 2010). · cites it 4× “Minn.Stat. § 60C.02, subd. 2. MIGA is required to assume the contractual obligations of the insolvent insurer to its policyholder regarding statutorily defined "covered claims" subject to the amount of the policyholder's contract and generally subject to a maximum liability of…”

Reinsurance Ass'n of Minnesota v. Dunbar Kapple, Inc., 443 N.W.2d 242 (Minn. Ct. App. 1989). · cites it 10× “Minn.Stat. § 60C.02, subd. 2 (1988). There can be no serious dispute that under the current law in both Illinois and Minnesota, RAM’s claim for indemnity or contribution against Dunbar Kapple is barred.”

Minnesota Ins. Guar. Ass'n v. Integra Telecom, Inc., 697 N.W.2d 223 (Minn. Ct. App. 2005). · cites it 7× “Minn.Stat. § 60C.02, subd. 2 (2002). Such protection is not absolute; the Act places financial limits on covered claims and excludes some claims.”

Taft v. Advance United Expressways, 464 N.W.2d 725 (Minn. 1991). · cites it 4× “Minn. Stat. § 60C.02, subd. 1 (1990). 2 .”

Terminal Transp., Inc. v. Minnesota Ins. Guar. Ass'n, 862 N.W.2d 487 (Minn. Ct. App. 2015). · cites it 6× “Minn.Stat. §§ 60C.02, subd. 2; .04 (2014).”

Gimmestad v. Gimmestad, 451 N.W.2d 662 (Minn. Ct. App. 1990). · cites it 2× “]” Minn.Stat. § 60C.02, subds. 2 and 3 (1982).”

Van Guilder v. Nat'l Freight, Inc., 686 N.W.2d 339 (Minn. Ct. App. 2004). · cites it 5× “Minn.Stat. § 60C.02, subd. 2 (2002) (emphasis added).”

Anderson Trucking Serv., Inc. v. Minnesota Ins. Guar. Ass'n, 492 N.W.2d 281 (Minn. Ct. App. 1993). · cites it 4× “Minn.Stat. § 60C.02, subd. 2 (1990) (emphasis added).”

Minnesota Mining & Mfg. Co v. H & W Motor Express Co., 507 N.W.2d 622 (Minn. Ct. App. 1993). · cites it 2× “Minn.Stat. § 60C.02, subd. 2 (1984). The Insurance Guaranty Association Act is to be liberally construed to effect its stated purposes.”

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— Minn. Stat. § 60C.02(2) — 1 case

Maxwell Commc'ns v. Webb Publ'g Co., 518 N.W.2d 830 (Minn. 1994). “Minn.Stat. § 60C.02, subd. 2. The Guaranty Association is required to assume the contractual obligations of the insolvent insurer to its policyholder in respect to statutorily defined covered claims [1] up to the amount of the policyholder's contract but generally subject to a…”

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