2006 Minnesota Statutes

60B.39 SPECIAL CLAIMS.
    Subdivision 1. Claims contingent on judgments. The claim of a third party which is
contingent only on that person first obtaining a judgment against the insured shall be considered
and may be allowed as if there were no such contingency.
    Subd. 2. Claims under terminated policies. Any claim that would have become absolute if
there had been no termination of coverage under section 60B.22, and which was not covered by
insurance acquired to replace the terminated coverage, shall be allowed as if the coverage had
remained in effect, unless at least ten days before the insured event occurred either the claimant
had actual notice of the termination or notice was mailed to the claimant as prescribed by section
60B.26, subdivision 1, or this chapter. If allowed the claim shall share in distributions under
section 60B.44, subdivision 9.
    Subd. 3. Other contingent claims. A claim may be allowed even if contingent, if it is
filed in accordance with section 60B.37, subdivision 2. It may be allowed and may participate
in all dividends declared after it is filed, to the extent that it does not prejudice the orderly
administration of the liquidation.
    Subd. 4. Immature claims. Claims that are due except for the passage of time shall be
treated as absolute claims are treated, except that where justice requires the court may order
them discounted at the legal rate of interest.
    Subd. 5. Claim by rating bureau. The rating bureau in carrying out its responsibilities may
file a claim with the liquidator for all sums paid or to be paid by it.
    Subd. 6. Claims under the Insurance Guaranty Association Act. The board of directors of
the Insurance Guaranty Association may file a claim with the liquidator for all claims to which the
association has been subrogated under section 60C.11, subdivision 1.
History: 1969 c 708 s 39; 1971 c 145 s 22; 1986 c 444; 1996 c 305 art 1 s 16; 1999 c 177 s 22