Minnesota Statutes

Minn. Stat. § 60C.04 (2026)

Creation

✓ current as of May 2026

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All insurers subject to the provisions of this chapter shall form an organization to be known as the Minnesota Insurance Guaranty Association. All insurers defined as member insurers in section 60C.03, subdivision 6, are and shall remain members of the association as a condition of their authority to transact insurance business or to execute surety bonds in this state. An insurer's membership obligations under this chapter shall survive any merger, consolidation, restructuring, incorporation, or reincorporation. The association shall perform its functions under a plan of operation established and approved under section 60C.07 and shall exercise its powers through a board of directors established under section 60C.08. For purposes of administration and assessment the association shall be divided into five separate accounts: (1) the automobile insurance account, (2) the township mutuals account, (3) the fidelity and surety bond account, (4) the account for all other insurance to which this chapter applies, and (5) the workers' compensation insurance account.

Notes of Decisions

Cited in 5 cases, 1991–2010 · leading case: Seehus v. Bor-Son Constr., Inc., 783 N.W.2d 144 (Minn. 2010).

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Seehus v. Bor-Son Constr., Inc., 783 N.W.2d 144 (Minn. 2010). · cites it 4× “Laws 1635 , 1635 (codified as amended at Minn.Stat. § 60C.04 (2008)). [5] In Taft, Gerads, and Wiss , the parties filed petitions for reimbursement, contribution, and equitable apportionment.”

Minnesota Ins. Guar. Ass'n v. Integra Telecom, Inc., 697 N.W.2d 223 (Minn. Ct. App. 2005). · cites it 4× “Minn.Stat. § 60C.04. When an insurer is deemed insolvent, MIGA “shall [b]e deemed the insurer to the extent of its obligation on the covered claims and have the right to pursue and retain salvage and subrogation recoverables on covered claim obligations.”

Taft v. Advance United Expressways, 464 N.W.2d 725 (Minn. 1991). · cites it 3× “Section 60C.04. 2 Funds in these accounts are used “to avoid financial loss to claimants or policy holders because of the liquidation of an insurer * * Section 60C.”

Goodyear Tire & Rubber Co. v. Dynamic Air, Inc., 702 N.W.2d 237 (Minn. 2005). “§ 60C.04 (2004). As enacted, the MIGA Act largely followed the model act developed by the NAIC.”

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.04; 60C.05, subd. 1(b) (1988).”

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