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Minnesota Agencies

Information on Minnesota State Agencies, Boards, Task Forces, and Commissions

Compiled by the Minnesota Legislative Reference Library


Minnesota Insurance Guaranty Association

Function: Provides for the payment of covered claims to avoid financial loss to policyholders because of the liquidation of an insurer.
Active dates:1971-
History: 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.

The board does not expire.
Advisory to:
Commerce Department: Insurance Division
Membership: 9 members (including 2 public members); public members appointed by commissioner of commerce; 2-year terms; expense reimbursement.
Record last updated: 10/16/2012
 

Additional print information on this group may be available in the Library's collection of agency notebooks. Please contact a librarian for assistance. The Minnesota Agencies database is a work in progress.

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