MN §60A.201 Subdivision 2(c) requires that certain types of insurance be automatically presumed available from licensed insurance companies and therefore unavailable from surplus lines carriers. Included in these types of insurance are homeowners and property insurance on owner-occupied dwellings if the value is less than a specified dollar threshold. This dollar threshold was set at $500,000 when the original bill was enacted into law in 1981. The Department of Commerce has adjusted it annually since then, based on the change in the consumer price index for the Minneapolis-St. Paul metropolitan area.
Based on the consumer price index for the Minneapolis-St. Paul metropolitan area, the revised statutory threshold is $1,423,000 (rounded to the nearest thousand).
| Year | Index |
% Change
Since 1980 |
60A.201
Threshold |
| 1980 | 78.9 | N/A | $500,000 |
| 1981 | 88.6 | 12% | $561,500 |
| * | * | * | * |
| * | * | * | * |
| * | * | * | * |
| 1996 | 151.9 | 93% | $962,611 |
| 1997 | 155.4 | 97% | $984,791 |
| 1998 | 158.3 | 101% | $1,003,169 |
| 1999 | 163.3 | 107% | $1,034,854 |
| 2000 | 170.1 | 116% | $1,077,947 |
| 2001 | 176.5 | 124% | $1,118,504 |
| 2002 | 179.6 | 128% | $1,138,504 |
| 2003 | 182.7 | 132% | $1,157,795 |
| 2004 | 187.9 | 138% | $1,190,748 |
| 2005 | 193.1 | 145% | $1,224,000 |
| 2006 | 196.2 | 149% | $1,243,000 |
| 2007 | 201.2 | 155% | $1,275,000 |
| 2008 | 209.0 | 165% | $1,324,000 |
| 2009 | 207.9 | 164% | $1,317,000 |
| 2010 | 211.7 | 168% | $1,342,000 |
| 2011 | 219.3 | 178% | $1,390,000 |
| 2012 | 224.5 | 185% | $1,423,000 |
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