Minnesota Automobile Assigned Claims Bureau

The Minnesota Automobile Assigned Claims Bureau (MAACB) is a nonprofit organization established under the Minnesota No-Fault Automobile Insurance Act of 1974. This act mandated the creation of MAACB to provide Personal Injury Protection (PIP) benefits to individuals who are injured in motor vehicle accidents within the state but lack access to such coverage through no fault of their own.

Mission and Purpose

The primary mission of MAACB is to ensure that everyone injured in a motor vehicle accident in Minnesota has access to basic economic loss or no-fault insurance benefits, regardless of whether they have an available policy. This includes providing benefits for medical expenses and other economic losses related to the accident[1][3].

Governance and Operations

MAACB is managed by a governing committee consisting of seven members: four selected by insurer members, one by self-insurer members, and two public members appointed by the Governor for two-year terms. The committee oversees the activities of the bureau staff and ensures that claims are handled in a manner that minimizes inconvenience to claimants[2][4].

Legal Framework

The operations of MAACB are subject to approval and regulation by the Commissioner of Commerce. If necessary, the Commissioner may organize and maintain the assigned claims bureau and plan if the insurance industry fails to do so effectively[2]. Decisions made by the governing committee are appealable to the Commissioner, and further judicial review is possible[2].

Impact and Role in Minnesota

MAACB plays a crucial role in ensuring that all residents are covered in case of a motor vehicle accident, aligning with Minnesota's status as a compulsory insurance state. It complements the state's insurance laws by providing a safety net for individuals who would otherwise lack access to necessary benefits[1].

Financial and Organizational Structure

As a nonprofit organization with an Employer Identification Number (EIN) of 41-6178083, MAACB is part of the broader nonprofit landscape in Minnesota, focusing on providing essential insurance support[5]. However, specific financial details or organizational structures beyond its governance and purpose are not widely documented in public sources[3][5].