65B.05 POWER OF FACILITY, GOVERNING COMMITTEE.

249 words·~1 min read·/mn/chapter-65/65b-05

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

(a)The facility is authorized to:

(1)issue or cause to be issued insurance policies in the name of the Minnesota automobile insurance plan to applicants for the types of insurance available under the plan, subject to limits specified in the plan of operation;

(2)underwrite the insurance and adjust and pay losses with respect to the plan; and

(3)retain, hire, or appoint an individual or company to perform a function under clause

(1)or (2).

(b)The governing committee shall have the power to direct the operation of the facility in all pursuits consistent with the purposes and terms of sections 65B.01 to 65B.12 , including but not limited to:

(1)suing and being sued in the name of the facility and assess each member in accord with its participation ratio to pay any judgment against the facility as an entity, provided, however, that no judgment against the facility shall create any liabilities in one or more members disproportionate to their participation ratio or an individual representing members on the governing committee;

(2)delegating ministerial duties, hiring a manager, and contracting for goods and services from others;

(3)assessing members on the basis of participation ratios to cover anticipated costs of operation and administration of the facility; and

(4)imposing limitations on cancellation or nonrenewal by members of insureds covered pursuant to placement through the facility in addition to the limitations imposed by chapter 72A and sections 65B.1311 to 65B.21 .