2005 Minnesota Statutes - 65B.50 — Insurers\' certification of basic coverage.

     65B.50 Insurers' certification of basic coverage. 


    Subdivision 1.    Filing.  Every insurer licensed to write motor 
 vehicle accident reparation and liability insurance in this 
 state shall, on or before January 1, 1975, or as a condition to 
 such licensing, file with the commissioner and thereafter 
 maintain a written certification that it will afford at least 
 the minimum security provided by section 65B.49 to all 
 policyholders, except that in the case of nonresident 
 policyholders it need only certify that security is provided 
 with respect to accidents occurring in this state. 


    Subd. 2.    Contacts of liability insurance as security covering 
 the vehicle.  Notwithstanding any contrary provision in it, 
 every contract of liability insurance for injury, wherever 
 issued, covering obligations arising from ownership, 
 maintenance, or use of a motor vehicle, except a contract which 
 provides coverage only for liability in excess of required 
 minimum tort liability coverages, includes basic economic loss 
 benefit coverages and residual liability coverages required by 
 sections 65B.41 to 65B.71, while the vehicle is in this state, 
 and qualifies as security covering the vehicle. 


    HIST: 1974 c 408 s 10; 1978 c 674 s 57