# Minn. Stat. § 60C.04: CREATION

> Minnesota · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_MN_P59A_79A_C60C_S60C.04

## Section

- **Citation:** Minn. Stat. § 60C.04
- **Heading:** CREATION
- **Jurisdiction:** Minnesota
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** MN Code / Part 59A_79A / Chapter 60C / Section 60C.04

## Text

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.

## Nearby sections

- [Minn. Stat. § 60C.01 § 60C.01 CITATION.](https://www.frixlaw.com/law-library/statutes/STATE_MN_P59A_79A_C60C_S60C.01.md)
- [Minn. Stat. § 60C.02 § 60C.02 SCOPE, PURPOSES, AND CONSTRUCTION.](https://www.frixlaw.com/law-library/statutes/STATE_MN_P59A_79A_C60C_S60C.02.md)
- [Minn. Stat. § 60C.03 § 60C.03 DEFINITIONS.](https://www.frixlaw.com/law-library/statutes/STATE_MN_P59A_79A_C60C_S60C.03.md)
- [Minn. Stat. § 60C.04 § 60C.04 CREATION.](https://www.frixlaw.com/law-library/statutes/STATE_MN_P59A_79A_C60C_S60C.04.md)
- [Minn. Stat. § 60C.05 § 60C.05 POWERS AND DUTIES.](https://www.frixlaw.com/law-library/statutes/STATE_MN_P59A_79A_C60C_S60C.05.md)
- [Minn. Stat. § 60C.06 § 60C.06 ASSESSMENTS.](https://www.frixlaw.com/law-library/statutes/STATE_MN_P59A_79A_C60C_S60C.06.md)
- [Minn. Stat. § 60C.07 § 60C.07 PLAN OF OPERATION.](https://www.frixlaw.com/law-library/statutes/STATE_MN_P59A_79A_C60C_S60C.07.md)
- [Minn. Stat. § 60C.08 § 60C.08 BOARD OF DIRECTORS.](https://www.frixlaw.com/law-library/statutes/STATE_MN_P59A_79A_C60C_S60C.08.md)
- [Minn. Stat. § 60C.09 § 60C.09 COVERED CLAIMS.](https://www.frixlaw.com/law-library/statutes/STATE_MN_P59A_79A_C60C_S60C.09.md)
- [Minn. Stat. § 60C.10 § 60C.10 EVALUATION OF CLAIMS.](https://www.frixlaw.com/law-library/statutes/STATE_MN_P59A_79A_C60C_S60C.10.md)
- [Minn. Stat. § 60C.11 § 60C.11 EFFECT OF PAID CLAIMS.](https://www.frixlaw.com/law-library/statutes/STATE_MN_P59A_79A_C60C_S60C.11.md)
- [Minn. Stat. § 60C.12 § 60C.12 APPEAL AND REVIEW.](https://www.frixlaw.com/law-library/statutes/STATE_MN_P59A_79A_C60C_S60C.12.md)
- [Minn. Stat. § 60C.13 § 60C.13 EXHAUSTION OF OTHER COVERAGE.](https://www.frixlaw.com/law-library/statutes/STATE_MN_P59A_79A_C60C_S60C.13.md)
- [Minn. Stat. § 60C.14 § 60C.14 DUTIES AND POWERS OF COMMISSIONER.](https://www.frixlaw.com/law-library/statutes/STATE_MN_P59A_79A_C60C_S60C.14.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_MN_P59A_79A_C60C_S60C.04. Check the current official text before relying on it. Not legal advice.