Founders Insurance Co. v. Yates

Appellant, who was injured in a car accident, sought basic economic loss benefits under Minnesota’s No-Fault Automobile Insurance Act from his insurer, Founders Insurance Company. An arbitrator awarded Appellant $19,128 in basic economic loss benefits. The district court confirmed the arbitration award. The court of appeals reversed, concluding that the Founders was not required to provide basic economic loss coverage because Founders was an out-of-state insurer that did not write motor vehicle insurance in Minnesota. The Supreme Court reversed, holding that Minn. Stat. 65B.50(2) requires an out-of-state insurer to provide no-fault benefits to its insured when its insured is in an accident in Minnesota and the insured vehicle is in Minnesota, even if the insurer is not licensed by the state to issue motor vehicle insurance. View "Founders Insurance Co. v. Yates" on Justia Law